Nairobi, April 22 -- Broader structural shifts are changing investor behaviour, which suggests the evolution away from purely passive strategies.

"Improved access to information has increased the level of investor sophistication. They are now keen on both short and long-term opportunities," Ken Gichinga, Chief economist at Mentoria Economics, says.

However, at the heart of the debate over trading versus long-term investing, Mr Gichinga says, is an individual's capacity for risk and understanding of the market. "Much of this depends on the knowledge, acumen and risk profile of the investor. In many cases, the higher the risk, the higher the return. Investors who are just starting out are encouraged to pursue low-risk opportunities as the...