Home Alternative Investments Citibank unveils Mid-Year Outlook 2022 and forecasts for the second half of...

Citibank unveils Mid-Year Outlook 2022 and forecasts for the second half of 2022 in which the global economy will continue to face challenges, with ongoing inflation, pressure from oil prices, and supply chain imbalance

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Therefore, the investment market will continue to face challenges, such as volatility of stock markets and government bonds. Citi analysts remain optimistic about high-quality bonds that will benefit from current market situation, such as the rough doubling in the US government bond yields which has restored higher quality fixed income to a more appropriate yield level for the first time in several years. However, there are other pressure factors from the market, such as uncertainties amid geopolitical tensions. Investors should therefore closely monitor international affairs and diversify their investments to protect their portfolio in the long term. Recommended investment strategies for the second half of the year are:  

•    Bonds are Back! – Reduce cash on hand by investing in bonds that offer promising returns such as treasury bills and 10-year US treasuries.  
•    Long term leaders –Investment in long-term industry leaders in high-quality sectors with steady returns and high potential for long-term growth, particularly options that offer regular and growing dividends, such as clean energy, electric vehicles, digitalization, fintech, healthcare and medicine, and technology related to cyber security. 
•    Alternative Investments in Uncertain Times – Consider alternative investments outside main assets as the market is volatile. This will help prevent long-term risks. Another option to consider is equity instruments and private equity.

 

Citibank unveils Mid-Year Outlook 2022 and forecasts for the second half of 2022 in which the global economy will continue to face challenges, with ongoing inflation, pressure from oil prices, and supply chain imbalance

Ms. Nalin Chutchotitham, Investment Advisor of Citi Thailand, said that Citi has raised tourist arrival expectations for Thailand in the second half of 2022 and in 2023 as arrivals proved stronger than expected after travel restrictions were removed, and neighboring countries have reopened their borders once again. Current account is likely to remain in deficit in 2022 due to high commodity prices and freight payments, but a high surplus is expected in 2023 from stronger tourism revenues. Citi has revised down GDP forecasts for 2022 to 3.5% (from 3.6%) and for 2023 to 4.5% (from 4.8%) due to expectation of slowdown in government spending and global growth. Citi also maintains its expectation for three 25bps policy rate hikes by the Monetary Policy Committee – once in the second half of 2022 and twice in the first half of 2023 as previously forecast.

Citibank unveils Mid-Year Outlook 2022 and forecasts for the second half of 2022 in which the global economy will continue to face challenges, with ongoing inflation, pressure from oil prices, and supply chain imbalance

Ms. Jane O’Charoen, Retail Banking Head, Citi Thailand, said that in the second half of 2022, Citibank has prepared new funds to offer to Citigold and Citi Priority customers, leading to investment growth. Recently, it has partnered with a leading asset management company in the US, Wellington Management, to offer two new funds: Wellington Global Health Care Equity Fund which invests in the equity securities of healthcare companies worldwide, and Wellington Asia Technology Fund which invests in the best-run Asian companies powering the exponential growth of the multi-year tech cycle. Both funds focus on up-and-coming investment trends.

Additionally, Citibank also offers international investment options with more than 200 funds to choose from with five local asset management partners and 13 foreign asset management partners, offering diverse types of funds in terms of assets and regions. At the same time, Citibank facilitates its customers by taking care of their accounts, offering consultation and ad services on investment transactions via phone, and making wealth management more convenient with the Citi Mobile® App. Customers can sell and buy funds directly, monitor their investment portfolio, transfer money via PromptPay to other banks, or transfer money overseas conveniently. They can also open an account for foreign currencies 24 hours a day.

Citgold customers can get special fund trading privileges on the Citi Mobile® App. Enjoy 5% or up to 150,000 baht rebates on fees when buying participating funds at the minimum of 100,000 baht, and get up to 150,000 baht of credit rewards when making a new investment in participating funds. New customers can get up to 15,8000 baht of credit rewards when opening a new account and making transactions using their Citi credit card. Get 2% monthly interest rate for three months for a fixed deposit account. These offers are valid from July 1, 2022, to September 30, 2022. Those who are interested in Citigold can contact Citibank Thailand at 0-2081-0999 or www.citibank.co.th/th/citigold.

Citibank Thailand has recently organized “Citigold Mid-Year Outlook 2022” to share economic and investment trends for the second half of 2022. For more details, contact Citibank Thailand or visit www.citibank.co.th
 

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