I hear that when there’s an economic downturn due to pandemics like the current Covid-19 surge, it is wise to consider diversifyinginvestments. I want to know if I should go ahead and invest in dollars.
Jane Umenna from PH
Financial experts’ response
Thank you for writing to us with your enquiry. In response to your question, yes, investors can hedge their capital from downside risks of a possible naira devaluation by investing in dollars.
It also affords you as an investor the benefits of diversified portfolio whilst meeting any future dollar-denominated obligations.
One such investment vehicle which trades in dollar-denominated funds is the ARM Eurobond Fund. You can also trade in dollar-denominated stocks via ARM Stocktrade.
Please reach out to our Financial Experts today via email@example.com or 0700 225 5276 for further inquiries or Click Here if you prefer for us to get in touch.