Citi 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.
Tejero 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.
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.
Photo above: Spearheading the Citigold Chinese New Year 2019 Outlook were (left to right) Citi consumer bank head of sales and distribution Therese Chan, consumer banking head Manoj Varma, CEO Aftab Ahmed and retail bank head Rene Aguirre.
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