The Ghana Stock Exchange (GSE) is 30 years old It is one of the 29 stock exchanges in Africa The GSE which currently publishes two indexes the GSE Composite Index and the Financial Stock Index, historically, has been amongst the best performing indexes in the emerging markets However, in the last decade, for example, 2014 2020, performance slumped on the stock market but the GSE Fixed Income Market yielded attractive returns While stocks were down, economic growth which averaged a low 2 8 from 2014 2016, accelerated to 7 from 2017 2019, (Calculated from Ghana Statistical Service data) Holding regard to economic outturns, market expectations would be that in an expanding economy, stocks should do well Required You are a Portfolio Manager of the Black Star Fund, a locally licensed Fund Management Firm Briefly draft two business cases to the following class of investors To your target institutional investors (local and foreign) to invest directly in the GSE indexes (combined indexes or any single index) or through your open end fund, Starlight Ace Fund, a local market index fund Word limit 700 Weight 70 of grade To local retail investors directly through a broker on the GSE or through Starlight Ace Word limit 300 Weight 30 of grade Kindly note Credit would be given to manuscripts which do the following Provide well structured responses which are logical, coherent and succinctly apply textual knowledge to their cases Recognize the investment decision making processes of institutional and retail investors Optionally, when helpful, produce exhibit(s) to illustrate or support assertions made General Note To simplify your cases, you may recognize 2020 outturn (if available) but treat it as an exceptional year, due to the Covid 19 Pandemic, a public health crisis which has slumped economic activity Assumption When the pandemic is controlled, restrictions would ease and economies would rebound Also, at your discretion, you may limit your case to your target investors to an industry focused index or you may expand your case to a broad based index All relevant material(s) used in the scripts should be properly referenced

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The Ghana Stock Exchange (GSE) is 30 years old. It is one of the 29 stock exchanges in Africa. The GSE which currently publishes two

The Ghana Stock Exchange (GSE) is 30 years old. It is one of the 29 stock exchanges in Africa. The GSE which currently publishes two indexes: the GSE Composite Index and the Financial Stock Index, historically, has been amongst the best performing indexes in the emerging markets. However, in the last decade, for example, 2014 2020, performance slumped on the stock market but the GSE Fixed Income Market yielded attractive returns. While stocks were down, economic growth which averaged a low 2.8% from 2014 2016, accelerated to 7% from 2017 2019, (Calculated from Ghana Statistical Service data). Holding regard to economic outturns, market expectations would be that in an expanding economy, stocks should do well.

Required:

You are a Portfolio Manager of the Black Star Fund, a locally licensed Fund Management Firm. Briefly draft two business cases to the following class of investors:

To your target institutional investors (local and foreign) to invest directly in the GSE indexes (combined indexes or any single index) or through your open-end fund, Starlight Ace Fund, a local market index fund. Word limit: 700. Weight: 70% of grade.
To local retail investors directly through a broker on the GSE or through Starlight Ace. Word limit: 300. Weight: 30% of grade.

Kindly note. Credit would be given to manuscripts which do the following:

Provide well-structured responses which are logical, coherent and succinctly apply textual knowledge to their cases.
Recognize the investment decision-making processes of institutional and retail investors.
Optionally, when helpful, produce exhibit(s) to illustrate or support assertions made.

General Note: To simplify your cases, you may recognize 2020 outturn (if available) but treat it as an exceptional year, due to the Covid-19 Pandemic, a public-health crisis which has slumped economic activity. Assumption: When the pandemic is controlled, restrictions would ease and economies would rebound. Also, at your discretion, you may limit your case to your target investors to an industry focused index or you may expand your case to a broad-based index.

All relevant material(s) used in the scripts should be properly referenced.