Citibank unveils Mid-Year Outlook 2022 and forecast for the second half of 2022 during which the global economy will continue to face challenges, with continued inflation, oil price pressure and supply chain imbalance
Therefore, the investment market will continue to face challenges, such as volatility in stock markets and government bonds. Citi analysts remain optimistic that high-quality bonds will benefit from the current market situation, such as the roughly doubling in US government bond yields that has pushed higher-quality fixed income securities back to a higher level of yield. appropriate for the first time in several years. However, there are other market pressure factors, such as uncertainties amid geopolitical tensions. Investors should therefore follow international affairs closely and diversify their investments to protect their long-term portfolio. The recommended investment strategies for the second half of the year are as follows:
• Bonds are back! – Reduce cash by investing in bonds that offer promising yields such as treasury bills and 10-year US treasury bills.
• Long term leaders –Investment in long-term industry leaders in high-quality sectors with steady returns and strong long-term growth potential, especially options that deliver steady and growing dividends, such as clean energy, vehicles electricity, digitization, fintech, health and medicine, and cybersecurity-related technology.
• Alternative investments in times of uncertainty – Consider alternative investments outside of core assets as the market is volatile. This will help prevent long-term risks. Another option to consider is equity instruments and private equity.
Ms. Nalin Chutchotitham, Investment Advisor, Citi Thailand, said Citi had raised expectations for tourist arrivals for Thailand in the second half of 2022 and in 2023 as arrivals proved stronger than expected after the removal of travel restrictions and neighboring countries have reopened their borders once. Again. The current account is expected to remain in deficit in 2022 due to high commodity prices and freight payments, but a large surplus is expected in 2023 thanks to higher tourism revenues. Citi revised down its GDP forecast for 2022 to 3.5% (from 3.6%) and for 2023 to 4.5% (from 4.8%) due to expectations of a slowdown in the economy. public spending and global growth. Citi is also maintaining its expectation of three 25 basis point key rate hikes by the Monetary Policy Committee – once in the second half of 2022 and twice in the first half of 2023 as previously expected.
Ms. Jane O’Charoen, Head of Retail Banking, Citi Thailand, said that in the second half of 2022, Citibank prepared new funds to be offered to Citigold and Citi Priority customers, resulting in investment growth. Recently, it partnered with a leading asset management firm in the United States, Wellington Management, to offer two new funds: the Wellington Global Health Care Equity Fund, which invests in the shares of healthcare companies healthcare worldwide, and the Wellington Asia Technology Fund, which invests in the best-run Asian companies that are fueling the exponential growth of the multi-year technology cycle. Both funds focus on emerging investment trends.
In addition, Citibank also offers international investment options with over 200 funds to choose from with five local asset management partners and 13 overseas asset management partners, offering various fund types in terms of assets and of regions. At the same time, Citibank helps its customers by taking care of their accounts, offering consultation and advertising services on investment transactions by telephone, and making wealth management more convenient with the Citi Mobile® application. Customers can sell and buy funds directly, monitor their investment portfolio, transfer money via PromptPay to other banks, or easily transfer money overseas. They can also open a foreign currency account 24 hours a day.
Citgold clients can obtain special funds trading privileges on the Citi Mobile® app. Get 5% or up to 150,000 Baht fee rebate when purchasing participating funds at a minimum of 100,000 Baht, and get up to 150,000 Baht credit rewards when investing in new participating funds. New customers can get up to 15,800 baht in credits when they open a new account and transact with their Citi credit card. Earn 2% monthly interest for three months for a term deposit account. These offers are valid from July 1, 2022 to September 30, 2022. Those interested in Citigold can contact Citibank Thailand at 0-2081-0999 or www.citibank.co.th/th/citigold.
Citibank Thailand recently hosted “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.