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Investors sitting on excess cash will be left poorer: Citi

Photo by JP Valery on Unsplash

For cash holders, the repercussions of inflation are painful, and those sitting on excess cash will likely be left poorer over time, Citi Global Wealth Investments has warned. The US wealth manager is recommending that investors add to their portfolios fixed income, and investments around trends such as the rise of Asia and digitalisation. Citi believes the worst of US…

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