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Time to add an “additional layer of caution” in 2H19: Citi PB

Citi Private Bank is urging investors to add an “additional layer of caution” when constructing a portfolio in this market of record-highs. Steven Wieting, global chief investment strategist at Citi Private Bank, said in a media briefing today that after markets achieved double-digit returns year-to-date, the bank started to de-risk portfolios and strengthen investment quality. “The aggregated balance sheet for US…

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