Views: Visits 5 A map of Nigeria By Babajide Komolafe Coronation Asset Management has called for a harmonised reporting standard for mutual funds in Nigeria. Making this call in a report on Nigerian mutual funds titled, “ Comparing Mutual Funds – Apples and Oranges’, the company noted the use of different methods of reporting by mutual funds in the country is not in line with global best practices and does not encourage growth of the industry. Speaking at the virtual media presentation of the report, Guy Czartoryski, Head of Coronation Research, said: “In our view, Nigeria’s diverse measures stand in the way of the development of the industry.
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NEW YORK, May 6, 2021 /PRNewswire/ Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) (the Company or Silvercrest ) today reported the results of its operations for the quarter ended March 31, 2021.
Business Update
th year in business to culminate in our 20
th Anniversary celebration in April 2022. Silvercrest s founders and partners embarked on an entrepreneurial journey to create the foremost wealth and asset management boutique in the United States. We are proud at having created an enduring firm founded on bedrock principles and a strong and proud culture. We remain dedicated to putting our clients first and creating a business that serves its clients with highly regarded institutional-quality capabilities for generations.
March 31, 2021
The United States equity market, broadly measured by the Russell 3000 Index, returned +6.4% in the first quarter after a robust +20.9% in 2020 and +31.0% in 2019. Notable strong performance came from the energy and financial services sectors, which, as measured by the S&P Select Services Index family, returned +30.7% and +16.0%, respectively, in the first quarter, as the yield curve steepened dramatically. All sectors posted positive returns in the quarter, but strength was not evenly distributed, with information technology up just +2.2, consumer staples +1.6%, and health care +3.2%. The divide between large- cap growth and large-cap value performance reversed dramatically with the Russell 1000 Growth and Value returning +0.9% and 11.3%, respectively.
Investors in the Nigerian Stock Exchange have been tasked to allocate their scarce resources smartly in order to build lasting wealth.
This was disclosed by the Group Managing Director, Meristem, Oluwole Abegunde, in a statement to launch a corporate campaign ‘Storm’ in partnership with art doyen, Nike Okundaye Davies on Monday.
The GMD of the Financial services provider explained that as the global environment continues to struggle with the effects of the COVID-19 pandemic, it has become imperative for investors to allocate scarce resources smartly and safeguard their investments with organizations who possess the knowledge and investment domain expertise to build lasting wealth.