MUSCAT –Bank Muscat Premier Banking recently hosted a webinar on “Mutual Fund investing to meet long-term financial goals”. The webinar, which was conducted by Leo Niers, Manager, EMEA Lead, Franklin Templeton, was well received by Premier Banking clients.
It must be noted that Bank Muscat Premier Banking, with its excellent understanding of client needs and preferences, has been setting benchmarks for relationship-based personal banking in Oman. The bank has tied up with strategic partners including Franklin Templeton, a global leader in asset management with more than seven decades of experience and the trust of millions of investors worldwide, to offer the ‘best in class’ investing and wealth-management options for its discerning clientele.
Abdulnasir Al Raisi, DGM – Premier Banking, Bank Muscat, said: “Bank Muscat Premier Banking is very happy to host this knowledge-sharing webinar in partnership with Franklin Templeton, a global leader in asset management. We hope that our valued customers will be able to leverage their learnings from this seminar to make informed decisions and get good returns on their investments. We thank Franklin Templeton for their strategic cooperation with the bank, which greatly benefits our clients in achieving their long-term financial goals, including wealth creation, and financial and retirement planning.”
During the webinar, Leo Niers explained how the advantages of dollar-cost averaging could be used by investors to grow their savings and wealth over a more extended period of time. An investor can end up with a large investment over a long-term period by purchasing target assets like mutual funds or shares periodically. Typically how this works is that an investor invests small, equal amounts in the asset at regular intervals. The overall goal of the strategy is to reduce the overall volatility of asset prices, which keep going up and down at different times within a long timeframe. Dollar-cost averaging helps investors avoid making poorly-timed lump-sum investments that heighten the risk of low returns.
Leo Niers explained how by using dollar-cost averaging, an investor is able to ride out volatile swings in prices and still end up with a good rate of return on their investments. A Systematic Investment Plan (SIP) in mutual funds, which is based on the principle of dollar-cost averaging, will, for example, help an investor buy more mutual fund units over a period of time and can give good long-term returns. Investing in mutual funds also allow investors access to the broader equity markets through investments, which are managed by professional fund managers. And most importantly, such investments can be automated with minimal effort from an investor to create large amounts of wealth in the long term.
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