{"id":393638,"date":"2020-12-04T11:39:18","date_gmt":"2020-12-04T16:39:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393638"},"modified":"2020-12-04T11:39:18","modified_gmt":"2020-12-04T16:39:18","slug":"citi-private-bank-issues-outlook-2021-the-new-economic-cycle-investing-for-a-post-covid-world","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-private-bank-issues-outlook-2021-the-new-economic-cycle-investing-for-a-post-covid-world\/","title":{"rendered":"Citi Private Bank Issues Outlook 2021: The New Economic Cycle: Investing for a Post-COVID World"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Citi Private Bank Issues Outlook 2021: The New Economic Cycle: Investing for a Post-COVID World<\/b><\/p>\n<p class=\"bwalignc\"><i>Citi Private Bank expects that 2021 will mark the beginning of a new economic cycle, one that has more powerful tailwinds than investors expect. It is a time to be fully invested and hopeful.<\/i><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCiti Private Bank has released its <b>Outlook 2021: The New Economic Cycle: Investing for a Post-COVID World. <\/b>The twice-yearly publication provides in-depth insights into the global economy and financial markets for the coming year and highlights multi-year \u201cunstoppable trends\u201d for client portfolios. This edition outlines why this is a remarkable time to be an investor. Just as the pandemic changed the price of every security when it arrived, the departure of COVID will mark the beginning of a new economic cycle, creating new opportunities for investors.\n<\/p>\n<p>\nCiti Private Bank expects 2021 will benefit from an economy that demonstrated resilience in the face of the worst global healthcare crisis in more than a century. 2020 was an opportunity for the world to \u201ctest drive the future\u201d and make way for growth as the pandemic ebbs. The tailwinds for 2021 are underappreciated: our financial system is strong, government actions to protect individuals and businesses have been effective, technological innovation continues to accelerate and there was a successful scientific sprint that developed an effective vaccine in record time.\n<\/p>\n<p>\n\u201cThe investment opportunities in this new economic cycle will reflect many new realities, shaped by the impacts of technology upon our lives during this pandemic, as well as upon the values that we share<b>,\u201d said David Bailin, Chief Investment Officer of Citi Private Bank<\/b>. \u201cOur optimism going into 2021 is buoyed by strong financial institutions, high household savings and growing confidence levels among businesses and consumers alike. We\u2019re also seeing increased investor optimism due to low global interest rates that will enable a full economic recovery.\u201d\n<\/p>\n<p>\nCOVID caused many asset valuations to deviate from their long-term averages. Citi Private Bank suggests that going into 2021, these valuation distortions value will unwind. There will be numerous beneficiaries, including \u201cCOVID cyclical\u201d sectors, such as financials, industrials and real estate, as well as hotels, restaurants and airlines.\n<\/p>\n<p>\nOther factors that Citi Private Bank notes make this an especially important time for investor action: an economy that will recover more quickly and robustly than previous downturns, financial stimulus in amounts never seen before, technological innovation, and the repricing of securities tied to the most negatively impacted business sectors. Citi Private Bank suggests that investors not hold excess cash and wait for a \u201cbetter entry point.\u201d Instead, the bank recommends that investors be fully allocated and invested after deciding on how much cash they\u2019ll need for the next 5 years.\n<\/p>\n<p>\n2020 also proved the staying power of our \u201cunstoppable trends,\u201d especially digitization, the rise of Asia, the greening of the world and longevity. The exposure of portfolios to these trends should be increased as a proportion of overall equity ownership. We\u2019re also recommending modifying the ratio of equity to debt to reflect the interest rate environment and the numerous undervalued opportunities in global markets. In contrast, fixed income portfolios should only reflect the best yield opportunities across the globe. For qualified investors, the bank recommends certain capital market strategies that can create income from market volatility.\n<\/p>\n<p>\nThe full report, a summary version, short videos, and other materials can be accessed via the Citi Private Bank website <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.privatebank.citibank.com%2Foutlook.html&amp;esheet=52343144&amp;newsitemid=20201204005463&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=fc4083ab6bcb331de4ba08a38bf5da7a\">here<\/a>.\n<\/p>\n<p><b>About Citi Private Bank: <\/b><\/p>\n<p>\nCiti Private Bank is dedicated to serving worldly and wealthy individuals and families, providing customized private banking across borders. With around $500 billion in total client business, the franchise serves clients across 50 cities in over 100 countries. Citi Private Bank helps clients grow and preserve wealth, finance assets, make cash work harder, safeguard assets, preserve legacies, and serve family and family business needs. The firm offers clients products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance, banking and aircraft finance, art advisory and finance, and sports finance.\n<\/p>\n<p><strong>About Citi: <\/strong><\/p>\n<p>\nCiti, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.citigroup.com&amp;esheet=52343144&amp;newsitemid=20201204005463&amp;lan=en-US&amp;anchor=www.citigroup.com&amp;index=2&amp;md5=4ad8c063b5599445f0d836b70c562f4b\">www.citigroup.com<\/a> | Twitter: @Citi | YouTube: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.youtube.com%2Fciti&amp;esheet=52343144&amp;newsitemid=20201204005463&amp;lan=en-US&amp;anchor=www.youtube.com%2Fciti&amp;index=3&amp;md5=a1678edec4cecbf0b8224094c682d9e3\">www.youtube.com\/citi<\/a> | Blog: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fblog.citigroup.com&amp;esheet=52343144&amp;newsitemid=20201204005463&amp;lan=en-US&amp;anchor=http%3A%2F%2Fblog.citigroup.com&amp;index=4&amp;md5=54ebe758d0bc1f9b3a53a978cf4770fa\">http:\/\/blog.citigroup.com<\/a> | Facebook: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facebook.com%2Fciti&amp;esheet=52343144&amp;newsitemid=20201204005463&amp;lan=en-US&amp;anchor=www.facebook.com%2Fciti&amp;index=5&amp;md5=fe34e935a8a39d59e483a55e6cb9a477\">www.facebook.com\/citi<\/a> | LinkedIn: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fciti&amp;esheet=52343144&amp;newsitemid=20201204005463&amp;lan=en-US&amp;anchor=www.linkedin.com%2Fcompany%2Fciti&amp;index=6&amp;md5=a163105fddcc7ee0da8521f2963a4680\">www.linkedin.com\/company\/citi<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201204005463r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201204005463\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201204005463\/en\/<\/a><\/span><\/p>\n<p><span class=\"bwuline\">Media contacts:<br \/>\n<\/span><br \/>North America: Gabriel Morales <a rel=\"nofollow\" href=\"mailto:gabriel.morales@citi.com\">gabriel.morales@citi.com<br \/>\n<br \/><\/a>EMEA: Allister Fowler <a rel=\"nofollow\" href=\"mailto:allister.fowler@citi.com\">allister.fowler@citi.com<br \/>\n<\/a><br \/>APAC: Godwin Chellam <a rel=\"nofollow\" href=\"mailto:godwin.chellam@citi.com\">godwin.chellam@citi.com<br \/>\n<\/a><br \/>LATAM: Alex Ravinet <a rel=\"nofollow\" href=\"mailto:alexandra.ravinet@citi.com\">alexandra.ravinet@citi.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201204005463\/en\/311741\/3\/00000CitiLogoBlue210_1.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Citi Private Bank Issues Outlook 2021: The New Economic Cycle: Investing for a Post-COVID World Citi Private Bank expects that 2021 will mark the beginning of a new economic cycle, one that has more powerful tailwinds than investors expect. It is a time to be fully invested and hopeful. NEW YORK&#8211;(BUSINESS WIRE)&#8211; Citi Private Bank has released its Outlook 2021: The New Economic Cycle: Investing for a Post-COVID World. The twice-yearly publication provides in-depth insights into the global economy and financial markets for the coming year and highlights multi-year \u201cunstoppable trends\u201d for client portfolios. This edition outlines why this is a remarkable time to be an investor. Just as the pandemic changed the price of every security when it arrived, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-private-bank-issues-outlook-2021-the-new-economic-cycle-investing-for-a-post-covid-world\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Citi Private Bank Issues Outlook 2021: The New Economic Cycle: Investing for a Post-COVID World&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393638","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Citi Private Bank Issues Outlook 2021: The New Economic Cycle: Investing for a Post-COVID World - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-private-bank-issues-outlook-2021-the-new-economic-cycle-investing-for-a-post-covid-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citi Private Bank Issues Outlook 2021: The New Economic Cycle: Investing for a Post-COVID World - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citi Private Bank Issues Outlook 2021: The New Economic Cycle: Investing for a Post-COVID World Citi Private Bank expects that 2021 will mark the beginning of a new economic cycle, one that has more powerful tailwinds than investors expect. It is a time to be fully invested and hopeful. NEW YORK&#8211;(BUSINESS WIRE)&#8211; Citi Private Bank has released its Outlook 2021: The New Economic Cycle: Investing for a Post-COVID World. The twice-yearly publication provides in-depth insights into the global economy and financial markets for the coming year and highlights multi-year \u201cunstoppable trends\u201d for client portfolios. This edition outlines why this is a remarkable time to be an investor. 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It is a time to be fully invested and hopeful. NEW YORK&#8211;(BUSINESS WIRE)&#8211; Citi Private Bank has released its Outlook 2021: The New Economic Cycle: Investing for a Post-COVID World. The twice-yearly publication provides in-depth insights into the global economy and financial markets for the coming year and highlights multi-year \u201cunstoppable trends\u201d for client portfolios. This edition outlines why this is a remarkable time to be an investor. 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