NEW YORK--(BUSINESS WIRE)--Citi Private Bank released today the firm’s mid-year review and outlook report for 2017 “Growth, Uninterrupted” which re-examines the investment themes put forth in the “Outlook 2017” report issued in early January. The full “Growth, Uninterrupted” mid-year outlook report can now be accessed on the Citi Private Bank website.
“Since we published our full-year report in January, we have seen increasing evidence that the world economy will prove more resilient than previously anticipated. While there will be challenges, we see a more durable growth outlook, with the lessened chance of shocks from US policies. We set out why a peak may be at hand for the US dollar, with potentially significant implications for investors in emerging markets and all other international asset classes,” said Steven Wieting, Global Chief Investment Strategist, Citi Private Bank.
Currently the Citi Private Bank Global Investment Committee is overweight both EM equities and fixed income. The Committee has raised allocations to these asset classes by reducing weightings in US dollar denominated assets, including US high yield fixed income and US Treasury Inflation Protected Securities (TIPS). Looking ahead, the firm expects to continue the process of lightening exposure to US dollar denominated assets while gradually increasing exposure to Emerging Markets and other international assets.
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