Wednesday, April 24, 2024

Advisor: Be selective with portfolios

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A FINANCIAL EXPERT has advised a more cautious approach to managing portfolios.
That was among the investment strategies Paul Michael Jenkins shared with an audience of analysts at the recent Chartered Financial Analyst (CFA) Annual Forecast Dinner at the Hilton Barbados.
“In today’s economic environment, adherence and understanding of risk is paramount. A portfolio in today’s environment should be aware of poor market fundamentals and overbought equities markets, possibility of increased interest rates in [the] near future, and cognizant that safety and caution are the play,” the international investment advisor with Scotia Capital said.
“We therefore are advising of a more cautious approach to managing portfolios.
“We want our portfolios to be selective in the bonds or credits we choose, being mindful that rates will rise. We, as advisors, should be ahead of the market in evaluating this risk,” he added.
The forecast dinner is Barbados CFA Society’s marquee event and a major highlight of the Barbados investment calendar.
Jenkins was one of three financial experts at the event. The other international advisors were Daniel D’Aniello, chairman and co-founder of The Carlyle Group, and Dr Carl Ross, managing director of investments at Oppenheimer & Co., who discussed stock, bond, commodity and currency markets and gave their forecasts for the year ahead.
The Barbados CFA Society is an association of local investment professionals such as portfolio managers, investment advisors, educators and other financial professionals. It is a member society of the CFA Institute, a global not-for-profit organization comprising over 100 000 investment professionals worldwide, 90 000 of whom are CFA charter holders. (PR)

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