Citi Private Bank

Our website no longer supports your current web browser version, which means you are no longer able to access this website. Please update your browser to continue.

System Outage
Citi Private Bank logo

Language Notification

Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.

Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.

Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.

仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。

Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.

Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.

Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.

仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。

A-greener-Europe-offers-compelling-investment-opportunities

Perspectives

A greener Europe offers compelling investment opportunities

Jeffrey Sacks

By Jeffrey Sacks

Head - EMEA Investment Strategy

September 24, 2020Posted InFixed Income, Investment Strategy and Equities

  • Europe continues to drive the global push towards climate change reform. In February we highlighted the compelling investment opportunity surrounding the EU’s push to achieve zero net carbon emissions by 2050, through their Green Deal initiative. The European Commission have recently given further impetus to the initiative, increasing the carbon emission reduction target to 55% by 2030 (from 40%).

 

  • The €750bn EU Recovery Fund will have a green emphasis, in terms of both the focus of expenditure as well as on fundraising. Regarding the latter, the EU leaders are promising 30% of all debt raised will be through green bonds. Of the $255bn of global green issuance last year, the EU led the way with issuance of $107bn.

 

  • The green theme will grow in prominence. Even while companies within the renewable energy space may face some idiosyncratic headwinds, this should be more than offset by greater governmental focus and funding availability, declining fixed costs, increased investor awareness and rising passive fund inflows.

 

  • This shift towards a greener Europe continues to offer a compelling equity investment opportunity. Our European focused clean energy basket has delivered an annualized return of 16% since the beginning of 2017, outperforming broader Europe (0.5% annualized). Despite Covid volatility, the basket has also outperformed broader European equities by 29% year-to-date and by 17% since our initial note on February 6th – figure 1.
Read European Strategy Bulletin