According to Citi's Bull Analysis, the stock market will remain in an upward trend.

Citi Investors Are Hopeful

Andy Sieg, the head of the asset management division of Citigroup Inc., one of the leading financial institutions in the U.S., stated that the ongoing upward trend in the stock market may continue in the future. Sieg emphasized that Citigroup has raised a historic level of funds from wealthy clients this year, stating that they have not yet observed a clear breakpoint in the markets.

Striking Demand from High-Income Groups

Sieg pointed out that investors with high income levels possess significant amounts of cash reserves, which has increased interest in the markets. Traders are evaluating new investment opportunities through products that minimize risks to strengthen their portfolios. The robustness of profit forecasts is among the factors that bolster wealthy investors' sense of confidence.

Notable Developments in the Markets

In November, the S&P 500 index declined by approximately 2%, marking its worst performance since March. Additionally, significant sell-offs in major technology companies have brought discussions about AI-based valuations back to the forefront. This situation has the potential to influence investor psychology.

Proactive Moves in the Asian Region

Citigroup's asset management division stated that it has recently shifted its focus from credit efficiency to investment growth. In the third quarter of 2023, customer investment portfolios grew by approximately 14% compared to the previous year, and a total of $37.1 billion in new funds was raised since the beginning of the year. The third quarter reached a record high, attracting attention.

The Rise of Asia and Future Expectations

Sieg emphasized that the Asian region has shown dynamic performance in terms of growth. Quarter-on-quarter, record inflows from this region present significant opportunities for investors. Citigroup has demonstrated full commitment to its assets in this segment and will continue to target clients with assets around the $200,000 level.