Ghanaians have been urged to tie their investments to assets they could easily liquidate when the tides change.
Mrs Setor Quashigah, Head of Wealth Management at the Standard Chartered Bank, who gave the advice, said investors must invest in products that could make cash readily available in times of needs.
"We're not asking people to keep money in their savings or current accounts idle. What we are saying is yes, keep some idle but also invest in funds you can quickly get out of and move into some other funds," she said.
She was speaking at the bank's 2019 Global Outlook and Wealth Offerings in Accra said mutual funds was one convenient way to invest no matter the long-term goals and many of these could be done through Standard Chartered Bank.
She said the bank offered the opportunity to invest in a full range of international funds that were professionally managed.
"We give you access to a wide variety of asset classes such as global equities, fixed interest, emerging markets, property, commodities and more. Investment portfolios are monitored and managed by leading reputable, international fund managers," she said.
Mrs Quashigah said in the bank's market outlook dubbed, 'A Year to Prepare and React' this year investors are advised to focus largely on bonds, especially emerging markets bonds, as they were likely to deliver positive returns.
"Indeed our expectation is that emerging market bonds are likely to outperform, development market bonds," she said.
She said the bank had products and Standard Chartered Bank had a comprehensive range of stable funds both local and abroad, offering competitive rates on forex investments.
These include advisory services on the bank's investment outlook themes where clients are offered best in class advice on portfolio diversification, rebalancing and switch ideas on investment, wealth lending, among others.
She said the bank's presence in multiple markets means "we can provide cross border services to meet the needs of our clients. We are the only bank that can transfer in destination currencies of the G10 countries."
Mrs Setor Quashigah, Head, Wealth Management, said, "We continue to focus on establishing our leadership in advisory services and delivering solutions that meet the growing needs of our clients. Digitisation is at the heart of our client proposition and the end-to-end experience will remain a key priority to enable us to drive more tailored client engagements from advisory through to service."
Read the original article on Ghanaian Times.
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