By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)- Investment One Financial Services Limited (formerly GTB Asset Management Limited) Wednesday reported a 300 percent (300%) growth in its fund management.

Nicholas Nyamali, Managing Director (MD) of the company made this disclosure in his presentation “ Investment One-An Exciting 12 Months” at second edition of Investment One Financial Services sponsored technical session designed to provide a platform for interaction among institutional investors and market makers.

To record the growth Nyamali said the funds being managed by Investment One grew from N6.577 billion in June 2012 to N26.456 billion in the same period of 2013; indicating a growth of 300%.

“Similarly, in the last 24 months, our funds management grew by 960%.” Nyamali said.

According to him, mainly organic growth was driven by institutional clients and high net-worth individuals (HNIs), incremental growth from acquisition and focusing on retail customers; while calling on investors and other stakeholders to do business with Investment One.

Nyamali affirmed that Investment One is a leader in securities brokerage as it ranks amongst the top 10 stockbroking firms in year 2012 on the Nigerian Bourse and one of only two firms to achieve three key Nigerian Stock Exchange (NSE) appointments the same year.

These appointments include; fixed income market makers, supplementary equity market makers and designated advisers.

In the same vein, John Ogar, Divisional Head, Investment Management in his presentation “Nigerian Equity Exchange Review in the Last One” said there is very strong performance in Nigerian equities market benchmarked amongst the best in the world.

According to Ogar, Nigeria will witness foreign investors seeking to do business in the Nigerian Capital Market (NCM) as events unfold.

He said price earning ration (PE Ratio) as at date is 13.4% which is one of the lowest across Africa and the Middle East but will pick up as the market fully recovers.

Ogar said increased inflows in the Nigerian economy contributed in no small way in the improved market performance as at date.

He affirmed that the result of which was the recent high of 40,000bps for the Nigerian Stock Exchange All-Share Index (ASI) as the market commences its full recovery, “ and there will be increase in fixed income yields.” Ogar said.

The Investment One technical session is designed to provide a platform for interaction between Institutional Investors and market makers in order to engender understanding and enlightenment with a view to ensuring continuous growth of the market.

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