Citi Asia Wealth Management executive: Now is not the time to increase risks.
A senior Asian wealth management executive at Citigroup Group said that despite the escalation of the trade war, the slowdown of the U.S. economy, and many companies lowering their profit expectations, investors should not withdraw from the U.S. market. "We do not recommend clients to completely exit the U.S. market," Yeo Wenxian said. Yeo is responsible for Citigroup's retail wealth management business in South Asia and the UAE. Yeo also stated that now is not the time to increase risk, and urged investors not to "buy on dips."
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