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Autumn Outlook: Citigold's position on upcoming risks and opportunities

24 October 2017Emerging MarketsPoliticsEconomics

Autumn Outlook: Citigold's position on upcoming risks and opportunities

  • Cautious optimism was the lead topic at Citi's Autumn Outlook event at The Savoy
  • At Citi's Autumn Outlook event, financial experts said the new Fed Chairman will be a key indicator for the next year
  • 45% of event attendees increased their investments during political volatility in 2016-17

Cautious optimism amid steady growth was the key topic of discussion at the Citigold Autumn Outlook event, held at The Savoy Hotel London on 18 October 2017. We partnered with experts who focus on different sectors to bring fresh perspectives to encourage healthy debate on the financial outlook for the next 12 months. The panel of experts discussed the current state of the global markets and their predictions for the next year, as well as sector performance, and possible risks from Brexit.

The conversation was led by Vidur Varma, Citi's Products and Advisory Director. Global politics were the major talking point of the evening, with the effect of Brexit, President Trump's policies and the upcoming Italian election sparking debate amongst the panel.

Opportunities in Emerging Markets

For the first time at a Citigold Outlook event, the panel included Citi's own Jeffrey Sacks, Director Investment Strategist EMEA. He suggested that a key opportunity for clients could lie in Emerging Markets, with the chance to take a long term view on investments and to use the recent volatility to time your entry points.

Luca Paolini, Chief Strategist at Pictet, agreed that Emerging Market stocks, say, from Russia, could offer good opportunities.

Outlook for the next 12 months

Sacks stressed that an indicator for the next 12 months would be corporate earnings growth, and that all eyes would be on the appointment of the new Fed chairman and the policies they enforce. BlackRock Director and Product Strategist Matt Williams agreed, adding that earnings growth is currently looking very positive for European equities.

Williams went on to suggest that those looking to invest in Europe should ensure that earnings growth is maintained, focusing on potential dislocated entry points in any political volatility to gain cheaper access to a generally strong market.

Using volatility to your advantage

Attendees were also offered the chance to voice their own opinions – via a live voting system on the evening's topics and questions from the audience. Through the interactive voting system we learned that 45% of attendees had increased their investments during a period of volatility in 2016-17.

The panel agreed that there would be continued volatility in the political world over the coming year, but that investors could use this as an opportunity for smart expansion. At Citi, we encourage our clients to actively monitor their portfolios and take debates such as these as inspiration to look at new and different opportunities, which we are happy to help with too.

Diversifying your investment portfolio

Citi believe that a diverse portfolio not only offers greater protection in times of financial volatility – it can also give you the chance to create a better return in otherwise slow-moving markets.

Over the coming weeks, we'll be covering the evening's discussion in further detail, looking at the panel's opinions and advice for the next 12 months. As always, if you have any questions about the topics covered, your Relationship Manager will be happy to help.

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