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Citi Private Bank remains bullish on global equities, EM debt

Citi Private Bank remains bullish on equities despite the spectre of inflation upending the current buoyant environment for stocks. “We had a strong overweight (on equities) from 2Q20”, Ken Peng told reporters at Citi’s 2021 Mid-Year Outlook Media Briefing. “This maxed out in November 2020,” he added. In 2021, that overweight on global equities was reduced to neutral on expectations…

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