SCB Asset Management (SCBAM) recommends investors allocate funds to global and high-investment-grade bonds that enable them to buy Asian and US tech stocks amid ongoing global headwinds and a potential recession.
Fixed-income assets are an attractive investment option, while bond yields have already improved, said Suparat Areewong, SCBAM's executive director and head of marketing strategy and investment products group.
"Supported by China opening up, the economies of many countries have recovered, reporting better than expected economic data. The Federal Reserve signalled that US inflation has started to slow, stabilising the dollar and its depreciation. That is one factor driving capital flows into Asia, especially China, Thailand, South Korea and Taiwan where the economy has a steady growth," she said.
