Provident Investments, the Swedish investment firm has moved its Head Quarters base to Nicosia, Cyprus offering an international platform for financial investments in all assets on markets in over 120 countries.
“We provide customized asset management for companies, pension funds and wealthy individuals through our unique financial platform,” said Håkan Henriksson CEO / Portfolio manager.
In an exclusive interview with the Financial Mirror, Henriksson said the main activities of Provident Investments are to offer Discretionary asset management and investment advice.
“For the Swedish clients we also provide tax advice, insurance, corporate finance and law.” Provident Investments targets Company owners, private investors and pension funds.
From Sweden to Cyprus
Henriksson said the main reason for moving Provident Investments’ base from Sweden to Cyprus is to be the first provider of discretionary asset management for Swedish company owners that gives them the tax benefits of the Cypriot and Swedish double tax treaties.
“As it turns out we also have a unique independent and powerful offer that suits the international investor with our platform for investment advice,” said Henriksson, who is happy to note that all of the clients saw the move as favourable, with a number of large prospects also considering a similar move.
The clients with a tax incentive in the structures looked at it as even more positive to have a partner that has the same solution as they have. It secures and protects the interest of a long term business relationship, since the provider of a one stop shop solution as unique as Provident is offering are sitting the same boat.
Platform
Peter Larsson, Marketing Manager told the Financial Mirror that Provident Investments offers a global online investment platform in co-operation with Saxo Bank.
“We enable company owners, private investors and institutional clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives via multi-award winning online trading platforms. This gives our clients professional discretionary asset management and investment advice,” said Larsson.
Provident Investments also trades on behalf of its clients the Cyprus and Athens Stock Markets as well as in futures on the DAX, EuroStocks50 and DOW Jones.
There is a wide range of top selected structured products, funds, equities, open end certificates, bonds, corporate bonds and more to be provided for the discretionary asset management to deliver the requested yearly performance.
Optimists
Henriksson said there are reasons to be optimistic on the future direction of markets. “Obama’s stimulus plan might work, the Federal Reserve’s efforts to stabilize the financial situation could finally pay off. The emerging markets with Brazil, Russia, India and China as the aspired new world leading economies as future engine for growth also looks promising for the years to come. Global and joined effort from more or less all governments and central banks to support salvation packages, rescue plans and a stimulus plans,” said Henriksson.
“But there’s a lot that could go wrong. We are a bit surprised by the optimism we are seeing in notes published by investment advisors and stock strategists. The idea that the economy will start to recover in the middle of 2009 has really taken hold.”
“We have a positive outlook for commodities. There is a demand that will take this sector to positive territories for quite some time. The stock markets are still going to be volatile and we are neutral to positive to stocks for the moment. There will off course be stocks that will peak every week, so for the swing trader there are a huge upside if you are willing to take the risk. We are also positive on European corporate bonds that gives a very good return compared to its risk,” concluded Henriksson.
Provident Investments is an independent financial firm licensed by CySEC to offer financial advice and discretionary asset management.
