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Old Mutual advocates diversified investment

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Old Mutual Investment Group has urged its clients and Malawians at large to consider diversity in their investments to maximise profits amid volatility of the economy.

Old Mutual Investment Group Managing Director Mark Mikwamba made the call at an interface the firm had with clients in Blantyre on Thursday.

Mikwamba said while the world deals with a volatile environment caused by the effects of the Russia-Ukraine war, among other challenges, the company seeks to invest in different sectors to maximise returns.

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“Our clients have been asking questions about what we are doing locally to protect and manage the investment. The engagement was to help them understand what we are doing to give them assurance that we are paying attention to the environment and we have their interest at hand so we can help them achieve their objectives.

“We need to be resilient and look for opportunities. Every opportunity has two sides. That is why we see an opportunity for our client – we see opportunities in agriculture and infrastructure,” he said.

One of the participants, Innocencia Chirombo, a Principal Officer for Christian Health Association of Malawi which is one of Old Mutual Investments Group’s clients, said customers need to be making informed choices when investing.

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“I am happy that Old Mutual had this engagement. It has enlightened us. The innovation should continue.

“We are now able to know the decisions we have to make in terms of alternative investments – it is high time we moved from traditional investments to other investments like infrastructure or the agricultural sector,” she said.

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