Citi says it's time to put excess cash to work, naming two ways to deploy it in the search for higher returns.
Last year was a tough one for stock and bond investors, many of whom flocked to the relative safety of cash amid the market turmoil. Hedge fund manager Dan Niles, for instance, opted to navigate the bear market by staying on the sidelines , and Citi was one of several investment banks that were overweight cash last year. The strategy paid off.
"We believe clients seeking both portfolio income and principal growth should seek to maintain strategic allocations to quality dividend payers throughout the economic cycle," Wieting said. He noted that dividends can be "critical to total returns" on a multi-year view, having contributed nearly 40% of total returns for the S & P 500 over the past 90 years.
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