Business

FHC Investments partners with Oppenheimer Asset Management

Wednesday, October 18, 2017

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FHC Investments Limited (FHCIL) has entered a partnership with top-tier New York-based firm, Oppenheimer Asset Management Inc.

It's a deal that FHCIL reckons will expand its list of global investments.

FHCIL, a wholly owned subsidiary of First Heritage Credit Union Limited, confirmed the relationship during its premier Investor Forum and Cocktails recently at the Courtyard by Marriott in New Kingston.

General manager of the company, Patrick Burke, in a press release noted that Oppenheimer's presence in major capital markets across the world will facilitate more informed portfolio diversification beyond national borders on behalf of the FHCIL clientele, through increased research and investment options.

“Our clients have access to foreign equities, exchange-traded funds, and actively traded exchange-traded fund portfolios and other USD instruments that can be tailored to meet their needs,” Burke said.

FHC CEO Roxann Linton also highlighted the deliberate timing of the intervention, given the volatile investment climate for the first three quarters of 2017.

She pointed to policy uncertainties arising from the various political elections in Europe and the new, and very unconventional US presidency of Donald Trump. “Add to the mix, the volatility in the international oil markets and you have an interesting cocktail of conditions which are not exactly conducive to fairer weather in the investment climate,” she said.

The effects of at least some of these factors, she argued, are bound to have a continued impact on the investment momentum going into 2018.

Oppenheimer is a reputable brokerage in the USA whose services include offering clients investment research and settlement of transactions.

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