PORTFOLIO MANAGEMENT STRATEGIES A CASE STUDY OF SELECTED INSTITUTIONAL INVESTORS IN NIGERIA
PORTFOLIO MANAGEMENT STRATEGIES A CASE STUDY OF SELECTED INSTITUTIONAL INVESTORS IN NIGERIA
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Date
1999-11
Authors
MADUKA, IFEOMA N. K.
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Abstract
When a firm has more than one project to consider at any one time, the portfolio theory
approach is used to define the risk of one project in terms of its effect on the overall
riskiness of the complete portfolio of projects the firm is undertaking. The problem of
man has always been the allocation of scarce resources and choosing between
alternatives. The main text of this report therefore is divided into four chapters. The first
chapter is introductory providing background in formation as to the features of financial
Asset investment, portfolio Andysis and its application in finance, and the significance of
portfolio management. Chapter two deals with literature review principles and concept of
portfolio management evaluation of portfolio performance. This chapter addressed the
current major portfolio practices of investors in the Nigeria market and the problems
facing them and realised that the portfolio investment flows, have however, been
concentrated in private institutions, especially "Blue chip" companies that have a good
rating in their own right in the capital markets
Chapter three deals with portfolio management strategies and experience of selected
investors. The methodology adopted in this investigation was restricted mainly to
questionnaires distributed. In the course of the research, a question was put to the
innovators to-ascertain what in their opinion was responsible for poor development in
security investment in the country, some of the answers were quite interesting. 35% of
the respondents, laid the blame at the door steps of the stock exchange, some said there
were insufficient number of trading floor, a theoretical rather than pragmatic pricing
policy. It was also found that among the traders that only few has little or no knowledge
of stock-exchange not to talk of investment in securities.
The concluding chapter deals with observations and conclusion. It was observed that
Government need to create to investors in Nigeria and the researcher come to the
conclusion that.
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(i) Optional management of investment portfolios is not practised in Nigeria
(ii) The Nigerian investor depends more on hunches than on scientific collation,
analysis
and study of factual information and data for security investment.
Description
SUBMITTED IN PARTIAL FULFILLMENT OF THE
DEGREE OF MASTERS IN BUSINESS
ADMINISTRATION IN THE DEPARTMENT OF
BUSINESS ADMINISTRATION (FINANCEOPTION)
AHMADU BELLO UNIVERSITY ZARIA
Keywords
PORTFOLIO,, MANAGEMENT STRATEGIES,, SELECTED INSTITUTION,, INVESTORS IN NIGERIA