NICO Asset Managers has launched the Offshore Investment Offering in collaboration with Sanlam Private Wealth to enhance investment opportunities for high-net-worth clients. The initiative aims to provide stability, asset protection, and sustainable growth in global markets while emphasizing diversification away from local currency investments.
NICO Asset Managers, a subsidiary of NICO Holdings Plc, in collaboration with Sanlam Private Wealth from Mauritius, Cape Town, and London, has introduced the Offshore Investment Offering. This new product aims to provide high-net-worth clients with stability, asset protection, and sustainable growth in the global market.
During the launch event at the Bingu International Conference Centre (BICC) in Lilongwe, NICO Holdings Limited Managing Director, Vizenge Kumwenda, stressed the necessity for clients to broaden their investment avenues as the initiative engages global markets. He stated that investing inherently entails risk but highlighted the significance of partnering with credible institutions like Sanlam, which is a leading name in Africa and a shareholder in their venture.
Kumwenda reassured Malawians that this partnership would yield high-return, low-risk investment opportunities, asserting that it is an optimal way for Malawi to engage in the global investment sphere, ultimately supporting national economic growth.
Mark Muller, Head of International Business for Sanlam Private Wealth, expressed that the partnership would enable portfolio diversification for Malawians through offshore investments. He noted the importance of reducing local currency exposure, as hard currency is typically more stable and opens doors to premier global investment opportunities.
Muller further highlighted that this collaboration would empower NICO Asset Managers’ clients with access to international markets, significantly enhancing their investment growth potential. CEO of NICO Asset Managers, Daniel Dunga, underscored the platform’s capability to connect clients with major firms worldwide and clarified the distinction between foreign direct investment and offshore investment, emphasizing the latter’s provision for Malawians to tap into global opportunities.
Sanlam Private Wealth operates in 31 countries, serving 69 million clients across Africa, with a footprint in several nations including Kenya, Zambia, Zimbabwe, Botswana, Mauritius, South Africa, and Namibia.
In conclusion, the Offshore Investment Offering launched by NICO Asset Managers in partnership with Sanlam Private Wealth represents a strategic move to provide Malawians with access to global markets, enabling portfolio diversification and economic growth. The initiative promises high returns with minimized risks, reinforcing the importance of collaborating with reputable partners in investment ventures.
Original Source: www.nyasatimes.com
