Tisco Advisory recommends investors opt for foreign bonds, real estate investment trusts (REITs) and healthcare and technology stocks to hedge against negative factors next year.
Nattakrit Laotaweesap, head of wealth advisory at Tisco Bank, said the world economy in 2024 is expected to slow compared with this year as tighter monetary policy has had a clear impact on economic activity.
As a result, profits of listed companies globally could be downgraded based on the economic conditions, he said.
“Tisco expects interest rate hikes in this cycle have ended. Central banks are expected to gradually reduce their policy interest rates in 2024, leading to a decline of government bond yields,” said Mr Nattakrit.
“The bank recommends investing in three themes to earn profits amid negative factors.”
In Tisco’s view, bonds and REITs are asset winners because they…
