TMB Asset Management (TMBAM) suggests investors diversify to higher-risk assets at a time of falling interest rates stemming from new monetary easing by the European Central Bank (ECB).
The ECB last week announced its bond-buying programme at €60 billion (2.19 trillion baht) for 19 months or a total of €1.14 trillion, which will depress interest rates for many years to come.
The new money pumping will also keep asset prices at a high level while global bond yields will remain low.
TMBAM chief executive Somjin Sornpaisarn yesterday said global markets would inevitably be highly volatile for years, so quick moves by investors in diversifying risks would be crucial to help them survive global economic turbulence.
At the same time, the hunt for higher yields than a near-zero rate is relatively difficult.
"Risk diversification is crucial. It is not easy to just shift from low-return assets in developed countries to the emerging area as we did before. The growth in developing countries is not much better than in developed ones compared with the past," Mr Somjin said.
He suggested investors review their portfolios to consist of three types of assets comprising income providers, wealth builders and money managers.
"The purpose of having three types in the portfolio is to chase after the medium level of return with a medium-risk exposure," Mr Somjin said.
Income providers include global property funds and multi-asset funds that generate recurring income for investors. Multi-asset funds focus on various products across the globe.
Wealth builders focus on stocks. Mr Somjin recommends the Chinese bourse despite GDP growth of lower than 7% last year because China continues to invest in infrastructure that can generate long-term economic growth. Earnings of listed firms remain strong and China benefits from its links with financial hub Hong Kong.
Money managers focus on foreign investment funds that can be turned to cash in times of emergency.
TMBAM last year launched multi-asset funds such as the TMB Global Real Return Fund and Property Income Plus, which invests in property around the world.
Last year, TMBAM's assets under management expanded to 200 billion baht from 160 billion in 2013. The company has not yet finalised a business target for this year because of current market fluctuations.