Creative Investment Space (CIS) recommends investing in global real estate investment trusts (REITs) to hedge against volatility, while advising investors with higher risk tolerance to seek short-term investment in global technology stocks and Bitcoin.
Noppavee Bukkamana, founder of CIS, said the war between Russia and Ukraine continues to cause high volatility in the global stock market and investors should diversify into investment instruments with low volatility and that are unaffected by the conflict such as REITs, especially those in Western countries where the economies have begun to recover from the pandemic.
Property assets are attractive alternative assets for conservative investors who accept low volatility and risk tolerance, he said.
For tech stocks, CIS recommends US and China tech stocks as well as Vietnamese stocks for medium-term investment, saying CIS doesn't see any positive factors in the Thai stock market at present.
Mr Noppavee said Thailand's real estate industry is expected to recover from the pandemic as economic activities resume to near-normal levels this year.
However, properties in some areas, especially offices for rent, may not see a rapid recovery because some companies may decide to commit to permanent remote work.
He said foreign stocks such as US stocks are interesting because they bottomed out in the first quarter and are set to recover in the second quarter.
Traders can invest in both traditional stocks and large tech stocks while smaller tech stocks are less resilient and may be viewed as long-term investments.
In terms of domestic stocks, he said the Thai bourse is normally muted and less attractive in the second quarter as the market usually sees no new positive factors during this period.
"For long-term investment, investors can gradually accumulate Thai stocks and Chinese stocks that reported good returns in the past six months or more," said Mr Noppavee.
With regard to alternative assets, Bitcoin remains attractive as it survived a support line of US$33,000 level and would tend to recover in the short term.
He said gold and oil are also interesting because they generated good returns in the first quarter.
However, investors should focus more on short-term speculation as there are still many uncertainties from the war situation that could affect the prices of these assets.