Citi Private Bank Issues Outlook 2019
6.12.2018 19:16:00 EET | Business Wire | Press release
Citi Private Bank today released its Outlook report for 2019. The twice-yearly publication provides in-depth insights into the global economy and financial markets for the coming year, and highlights important multi-year investment themes for client portfolios.
The report titled, ‘Safeguarding assets: Building stronger portfolios for more turbulent times,’ highlights two key global developments that may affect portfolios in 2019. The first is the return to pre-crisis normalcy in the global monetary system and markets, and the second is the continued retreat from normalcy in politics and geopolitics.
Against this backdrop, the Private Bank believes the global economic expansion and bull market in risk assets can endure through 2019. However, given the late-stage of the US monetary tightening cycle and increased market volatility, it urges building stronger portfolios for turbulent times by investing in more resilient assets and by employing strategies that reshape investment outcomes.
The Private Bank also sets out three broad investment themes it thinks will likely influence portfolio returns over the coming years. They include putting cash to work in income-producing assets, safeguarding gains made over recent years via various investment strategies and diversifying globally, as well as building exposure to the rise of Asia, increasing human longevity, and digital disruption.
In addition to its themes, the Private Bank presents its thinking on an approach it calls Investing with Purpose (IwP). IwP seeks both to maintain portfolio quality and serve the greater good by delivering environmental, social and governance benefits.
“We believe 2019 will be complex and more volatile for our clients,” said David Bailin, Global Head of Investments, Citi Private Bank. “We therefore outline vital steps in Outlook 2019 to help mitigate risks and potentially enhance total return profiles. These include keeping a close watch on US monetary policy, especially its effects on the yield curve. We also recommend allocating to countries and companies that are likely to withstand the challenges now facing the world.”
The full report, a summary version, short videos, and other materials can be accessed via the Citi Private Bank website here.
About Citi Private Bank:
Citi Private Bank is dedicated to
serving worldly and wealthy individuals and families, providing
customized private banking across borders. With approximately $390
billion in global assets under management, the franchise includes 48
offices, serving clients across 130 countries. Citi Private Bank helps
clients grow and preserve wealth, finance assets, make cash work harder,
safeguard assets, preserve legacies, and serve family and family
business needs. The firm offers clients products and services covering
capital markets, managed investments, portfolio management, trust and
estate planning, investment finance, banking and aircraft finance, as
well as art and sports advisory and finance.
About Citi:
Citi, the leading global bank, has approximately
200 million customer accounts and does business in more than 160
countries and jurisdictions. Citi provides consumers, corporations,
governments and institutions with a broad range of financial products
and services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
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Contact information
Media:
North America:
Patricia
Tuma
+1 212.793.7682
patricia.tuma@citi.com
EMEA:
Belinda Marks
+44 20 7508 3082
belinda.marks@citi.com
APAC:
Godwin Chellam
+852 2868-7682
godwin.chellam@citi.com
LATAM:
Alex Ravinet
+1 305.420.4292
alexandra.ravinet@citi.com
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