One Category of Equities Offers Safe Harbor and Potential Gains Amid Geopolitical Turmoil, Says Citi Wealth CIO

Kate Moore, the chief investment officer at Citi Wealth, thinks one category of equities looks particularly safe amid the rippling economic instability caused by US and Israeli airstrikes on Iran.

Moore tells Bloomberg Television that the US large-cap space is demonstrating resilience.

“That’s largely because we have to understand where positioning and sentiment were before this strike, and that was that US large caps were a less attractive or less exciting asset class or part of the equity market than others. 

You saw the biggest move so far in the small-cap space, in non-US equities, places where there was a significant move over the course of 2025, much of it driven by multiple expansion and not earnings. And the US large-cap space, the S&P 500, which has been treading water for six months, is holding up relatively well, because people had already taken down a little bit of their exposure there, and it’s frankly a higher quality part of the market.”

The CIO says Citi Wealth’s view is that large-caps are the safest place within the risk asset class and are primed to continue outperforming the market.

Moore stresses the resilience of “secular growers” in the large-cap space amid the ongoing geopolitical turmoil, though she also notes that there is consistent demand for industrial metals “on the cyclical side.”

“We’ve talked, of course, about copper and other things going into the AI buildout and CapEx story. I think we’ll see, even if there’s a significant amount of price volatility across the resources complex, that the opportunities there remain quite strong in the material side.”

The S&P 500 is down 1.16% in the past five days.

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