Diversification of investment portfolio between naira and dollar assets has proven to be a superior investment strategy as it helps in saving to further dollar obligations such as vacation, schooling amongst others. Devaluation ExchangeRate Nigeria
and brings to the table conversations around devaluation of the local currency as was the case in 2016 when the local currency devaluation led to a more than 50 percent decline in the dollar value of investors’ naira assets.
With a minimum of $500, investors seeking to hedge their savings against currency risk can invest in Vantage Dollar Fund managed by Investment One Funds Management Ltd and would earn a steady return on their investment. The pool of funds will be invested in Nigerian originated dollar-denominated assets including sovereign and corporates, the firm said.
The fund is regulated by the Securities and Exchange Commission and in accordance with regulation; it has an independent trustee and custodian.
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