The Standard Chartered Bank has partnered with European Asset Management Company, Amundi to offer global investment opportunities to its retail investors.
The new partnership comes on the backdrop of a struggling Kenya Shilling against major global currencies exposing assets to the risk of losing value, due to the exchange pressure.
The facility (CIO Signature Funds) enables both entry-level and mature retail investors to gain access to structured, multi-asset funds, unlocking more efficient and diversified options in US Dollars.
The product leverages on the fact that continued volatility in the global markets space is driving investors to seek out sustainable and diversified investment opportunities.
According to the Standard Chartered Second-Half Global Outlook report ‘Keep Calm and Carry On’ released earlier this year, investors are leaning towards diversified portfolios that suit their level of commitment and risk profiles. This means that they are increasingly looking for managed funds that allow them to tap into portfolios that are available both locally and globally.
“Kenyan investors are increasingly looking for investment opportunities that will enable them to make informed decisions based on real-time information. By pairing the global expertise of Standard Chartered’s strategic outlook with the agility and precision of Amundi’s investment management services, we can offer our customers access to a vast portfolio of options,” said Paul Njoki, Head of Affluent Banking and Wealth Management – Standard Chartered Kenya & East Africa.
In the past, investors in Kenya would have to make decisions based on their own knowledge and later engage their financial manager to execute on their behalf, translating to lost time and ability to follow market dynamics.
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