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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。

There-are-more-potential-profit-opportunities-than-investors-think

Perspectives

There are more potential profit opportunities than investors think

David Bailin

By David Bailin

Chief Investment Officer

September 21, 2020Posted InFixed Income, Investment Strategy and Equities

• Digitization – a Private Bank “Unstoppable Trend” - made it possible for vast parts of the world economy to adapt to social distancing needs and saved many lives as the pandemic progressed. Nonetheless, with “TMT”[1] sectors rising to more than 40% of the US equity market, we have been concerned about markets pricing all tech shares as winners and all other industries as losers.


• Within the past three weeks, the Nasdaq 100 has corrected 12%. In contrast, the Russell 2000 has dropped a mere 3% while non-US shares overall are about flat. In fixed income, falling US interest rates have pushed the global bond aggregate yield – including Emerging Markets and Sub-Investment Grade debt - to below 1.0% for the first time.


• Now that “growth stock” momentum investors don’t feel so invincible, we would refocus on diversified asset allocation, with dividends and certain fixed income substitutes of rising importance to portfolios in the present economic setting.

If you are a Citi Private Bank client you can check the value of your portfolio by reviewing your monthly statements or, if you use Citi Private Bank InView, by navigating to the Account Overview page via Portfolio → Overview. If you have any queries please contact your usual Citi Private Bank representative.

Read CIO Strategy Bulletin