The Nigerian equities market closed lower Thursday as the NSE All Share Index lost 0.61% to close at 41,729.59 points. The decline was due to losses recorded by some high cap stocks such as ETI, FBN Holdings, Transcorp, GT Bank and Nigerian Breweries. Despite its relatively strong showing in the second quarter, the NSE All Share Index is only up 0.97% this year. Meanwhile, yields on fixed income instruments have decline over the course of the year, making fixed income assets less attractive. Joining CNBC Africa to share some insight into asset allocation in Nigeria is Olugbenga Saseun, Fund Manager at Stanbic IBTC Asset Management.