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Forex scarcity, repatriation uncertainties depress investments in Q1 Analysts
On
ECONOMY
Investment analysts have blamed foreign exchange (forex) scarcity and concerns around the possibility of ease of repatriating funds out of the country as cause of the dwindling Foreign Portfolio Investment (FPI) in the stock market.
They stated that investors are wary of investing in climes where forex prices are managed and not market reflective.
Foreign Portfolio Investment (FPI) in the Nigerian Exchange Limited (NGX) had continued a downward streak, according to the data on Domestic and Foreign Portfolio Participation in Equity Trading for March 2021, falling by 40.4 percent to N150.23 billion in the first quarter (Q1) 2021, from N251.87 billion in Q1 2020.
By Nkiruka Nnorom ECONOMY Investment analysts have blamed foreign exchange (forex) scarcity and concerns around the possibility of ease of repatriating funds out of the country as cause of the dwindling Foreign Portfolio Investment (FPI) in the stock market. They stated that investors are wary of investing in climes where forex prices are managed and not market reflective. Foreign Portfolio Investment (FPI) in the Nigerian Exchange Limited (NGX) had continued a downward streak, according to the data on Domestic and Foreign Portfolio Participation in Equity Trading for March 2021, falling by 40.4 percent to N150.23 billion in the first quarter (Q1) 2021, from N251.87 billion in Q1 2020.
White Oak Capital delivers strong performance to clients globally
With its operations based across India, Singapore, Mauritius, UK, and Switzerland, White Oak has attracted among the largest Foreign Portfolio Investment inflows into India over the last three years.
Photo Credit : Shutterstock,
White Oak Capital is an investment management and advisory firm established by Mr. Prashant Khemka in June 2017, with the vision of building a performance-centric organization that has a strong investment culture. With its operations based across India, Singapore, Mauritius, UK, and Switzerland, White Oak has attracted among the largest Foreign Portfolio Investment inflows into India over the last three years. White Oak group entities collectively have Assets Under Management (AUM) of $3.8 billion with, a global client base that includes sovereign wealth funds, pension plans, endowments, individuals, and family offices investing into India through a combination of separately managed accoun
FPIs stock holding value soars by $105 bn in Sept-March : Report
As against this, the value of the domestic institutional investors at USD 203 billion was not even half, according to the data compiled by Bank of America (BofA) Securities.
The value of the foreign portfolio investors (FPI) holdings in the domestic equities reached a record USD 555 billion in 2020-21, a whopping USD 105 billion growth between September 2020 and March 2021, according to a report.
As against this, the value of the domestic institutional investors at USD 203 billion was not even half, according to the data compiled by Bank of America (BofA) Securities.
FPIs have put in more money into the markets since then, having invested net USD 7.2 billion till April 16 (Year-To-Date 2021), making the country the only market that has seen net positive inflows in the year, despite a dip in March when it slowed to USD 1.4 billion from USD 3.5 billion in February and USD 2.2 billion in January.