First Prime Group is believed to have reassured investors that its long term strategies will enable them to emergese current market turbulence unscathed.
Sources close to First Prime Group said that the advice was reportedly issued to investors via a research note. The Asian-based investment management concern prefers so-called long-term value investing where it acquires shares in companies that are cheap with a view to holding them until they appreciate in value.
First Prime Group is thought to be acquiring stocks in oversold companies as it believes that, in the medium to long-term, these companies’ share values will return to their pre-shakeout levels.
