Citi sees strong investment opportunities in 2019 amid ongoing global volatility
Citi, the country’s leading foreign bank, sees strong investment
opportunities for clients despite global market volatility. At a series of 2019
outlook events, Citigold clients heard expert views on the current market
environment and implications for investment strategy.
Citi’s consumer banking head Manoj Varma welcomed Citigold
clients. “Today’s event is about sharing global and local expertise so you can
be aware of the many investment opportunities during this current period of
global volatility,” said Varma. He added that diversification across asset
classes, geographies and strategies will be essential in 2019.
According to Ramon Tejero, Citicorp Financial Services and
Insurance Brokerage Inc. (CFSI) investment product head, the Philippine
equities market has performed better than fixed income over the last 10 years
despite ongoing volatility. “Equities continue to perform well compared to a
continued structural trend for lower bond yields, despite a recent spike in the
market,” explained Tejero.
Tejero also said that the Philippine peso will likely remain weak
given pressures on external balances. “Foreign exchange can be used to access
global markets rather than be seen as a source of returns,” he suggested.
Citi believes the Philippine economy will continue on its growth
path despite challenges in the global economy. Citi forecasts GDP will grow
6.5% in 2019 and expects inflation to average 3.2% in 2019.
“We aim to keep Citigold clients up-to-date on the latest market
and economic developments so they can be empowered to make informed investment
decisions to grow and protect their wealth,” said Rene Aguirre, Citi retail bank
head. “Continuous innovation has been a key focus for us, from digital
solutions to new investment products. For example, our Qualified Buyer Program
enables qualified clients to access a wide range of offshore investment
products in various asset classes.”
As the preferred wealth management partner in Asia and in the country,
Citigold helps clients grow, manage and protect their wealth, and secure their
financial future with a team of experts, unmatched research services,
world-class products, global access, and exclusive privileges and rewards. For more information, visit www.citibank.com.ph.
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