Dubai: Depression in global market brought in huge opportunity for investments. The wise investments during recession witnessed significant and decent margin of returns and increased the downside risks, opined L&T Wealth Management Expert Manoj Shenoy.
He was speaking to leading entrepreneurs of UAE on the topic- “Why panic?-Greed vs Fear”, a seminar organized by Kanara Entrepreneurs (KE).

Speaking to the gathering, Shenoy said that the world GDP has been stagnant due to weak growth, weak inflation and strong dollar.

The recessionary trends in commodities like natural gas, iron ore, oil, and steel have been evident in the growth rates of consumers of commodities being higher than producers. He also elaborated global financial views and its results about China slowdown, commodity crash, UA fed confusion, Oil price slide, European bank worries, negative interest rates and economic collapse of 2015.

Shenoy advised investors to think wisely and make their investments on dollars. Also, he added Eastern countries have good investment opportunities and have decent returns guarantees if the investments are made on right commodities.

The event started with the welcome address by KEL’s Honorary President, Aloysius Fernandes and ended with a Vote of Thanks by Lead Member, Robert D’sa followed by dinner providing time and opportunity for one to one consultations with the Speaker as well as Financial Advisors of the L&T Finance Wealth Management team.