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Tactical asset allocation

The Global Investment Committee recommends tactical adjustments to your strategic asset allocation, aiming to take advantage of opportunities and mitigate risks over the near term.

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Tactical asset allocation — making short-term adjustments to your long-term allocation — can play an important role in seeking enhanced returns and mitigating risks in your core portfolio.

Effective tactical asset allocation across many asset classes and countries requires discipline and expertise.

Our Global Investment Committee (GIC) is a team of thought leaders who determine our tactical positioning, bringing you perspectives on market developments.

Led by our Chief Investment Strategist and Chief Economist, the GIC’s 14 voting members each have between 16 and 45 years of experience.

It draws upon in-depth analysis carried out by our four regional strategy teams and other specialists from across the Private Bank, as well as from Citi Research.

The GIC’s decisions are based on quantitative and qualitative analysis, taking a 12- to 18-month view of the markets.

The GIC updates its tactical positioning at least every month and more often when events require it.

Our portfolio managers, Investment Counselors and Global Investment Lab use the GIC’s adjustments to build core portfolios for you.

Understanding the global business cycle and the excesses of fear or over-confidence about the future helps navigate through periods of feast and famine in financial markets.

Steven Wieting
Chief Investment Strategist and Chief Economist
How we serve you
Insights across asset classes
The GIC provides tactical analysis and weightings for equities, fixed income, hedge funds, commodities and cash.

In addition to broad asset class positioning, the GIC gives granular recommendations for sub-regional and country asset classes, such as Japan equities, European high yield fixed income, and gold.

Local insights, global perspectives
Led by our Global Chief Investment Strategist, the GIC draws upon analysis from our four regional strategy teams, and from professionals across the Private Bank.

It also benefits from access to Citi Research’s institutional analysis covering companies, sectors, economics, geopolitics, asset allocation and investment strategy.

Actionable insights
The GIC’s decisions are based on quantitative and qualitative analysis, taking a 12- to 18-month view of the markets.

The GIC updates its tactical positioning at least every month and more often when events require it.

Its recommendations and insights appear in the Global Strategy team’s monthly Quadrant publication.

Your questions

The GIC provides tactical insights and weightings for equities, fixed income, hedge funds, commodities and cash.

As well as broad asset class positioning, the GIC gives granular recommendations for sub-regional and country asset classes, such as Japan equities, European high yield fixed income, and gold.

The GIC updates its recommendations at least monthly. They appear in the Global Strategy team’s Quadrant publication.

Meet our people

Global Head

Steven Wieting

Chief Investment Strategist and Chief Economist

Steven heads our Global Strategy team which formulates our macro investment views across all regions and asset classes. He chairs our Global Investment Committee, which sets our tactical asset allocation, the basis for discretionary portfolios we manage for clients. 

As Chief Economist, Steven provides detailed macroeconomic analyses to inform portfolio decisions.

Previously, Steven was Head of Economics for US institutional equities at Citi Investment Research. He advised the firm’s institutional and government clients globally on macroeconomic developments, forecasts and policy analysis. 

He was also economic advisor to the Morgan Stanley Smith Barney Global Investment Committee and a voting member of predecessor Asset Allocation Committees at Salomon Smith Barney.

 Steven has a master’s in quantitative economics at Bernard M. Baruch College, City University of New York.

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