Episode 16 of Mr. Messenger Walk brought back a guest from Krungsri Asset Management to discuss the firm’s investment outlook for 2024. The conversation covered market challenges and opportunities after the COVID-19 period. This is a retrospective summary of views and product descriptions from that time, not current investment advice. Fund names, features, fees, and risks may change; check current official documents before making an investment decision.
Market overview and update
The episode revisits market views and the work of the Krungsri Asset Management team after the pandemic, including how the team monitored market information and adjusted its analysis as conditions changed.
Market monitoring and the investment team
The discussion describes the team as regularly updating its market analysis and using that information to inform investment decisions and strategy adjustments.
Challenges in the 2023 outlook
The episode describes 2023 as a difficult year for investors and fund managers, with volatile markets and rapidly changing factors that required investment plans and strategies to be revisited.
Market volatility
Rapid and uncertain market movements made it difficult to forecast the direction of markets.
Interest-rate changes
Fast changes in interest rates affected different asset classes and required investors to consider whether their strategies still fit market conditions.
Market views for 2024
The discussion described 2024 as a year with continuing uncertainty as well as potential investment opportunities. It emphasized analyzing the market and following changes in interest rates.
Interest-rate expectations
The episode treated interest-rate expectations as an important planning factor and advised investors at the time to follow rate changes closely.
Market shifts and potential effects
Domestic and international factors can affect markets. The discussion encouraged investors to follow relevant news and consider its potential effects on their portfolios.
Views on U.S. equities
The episode viewed the U.S. equity market as influential in global markets and discussed the importance of monitoring its direction.
Views on Chinese equities
The discussion also considered the Chinese equity market and its potential role in an investment portfolio.
Views on global fixed income
The episode presented global fixed income as one possible asset class for diversification and discussed monitoring developments in that market.
Views on Thai equities
The Thai equity market was another area of interest for investors in Thailand. The discussion considered following its trends and developments.
Adjusting an investment strategy
The episode emphasized adapting investment plans as market conditions change.
Adapting as an investor or fund manager
Investors and fund managers need to keep learning about changing market conditions and review their strategies over time.
Planning ahead
The discussion stressed analyzing information and considering possible market trends as part of forward planning. Forecasts are uncertain and do not guarantee investment returns.
Volatility in fixed-income markets
The episode discussed market volatility as a potential source of investment opportunities. Volatility can also lead to losses, so it should not be treated as a dependable way to earn returns.
Fixed income as an investment option
The program presented bonds as an option that may have a different risk profile from equities and may offer potential returns. Fixed-income investments still carry risks, including interest-rate, credit, liquidity, and currency risks.
Fixed income when rates are rising
The episode discussed the potential appeal of bonds during periods of rising interest rates, including bonds issued with higher rates. Bond prices and returns can still change, and higher rates do not guarantee a profit.
Risks in global fixed income
Global bonds can involve currency risk and the risk that an issuer may fail to meet its obligations.
Thai fixed-income opportunities
The episode also considered Thai fixed-income investments as one way investors might diversify, depending on their objectives and risk tolerance.
Funds named by Krungsri Asset Management
The episode mentioned several Krungsri Asset Management funds for different investor needs. The descriptions below reflect the source article’s account of the 2024 discussion and should not be treated as current product recommendations.
KFS Plus
The article described KFS Plus as a fund for investors with lower risk tolerance, focused on fixed-income securities.
KF Smart
The article described KF Smart as investing across different assets for investors seeking higher potential returns. A broader asset mix also carries investment risk.
KFA Fix
The source described KFA Fix as a longer-term option focused on longer-maturity fixed-income securities.
KFA Fix RMF and KFA Fix SSF
The article described these retirement and sustainability funds as potential tax-planning options for long-term investors. Eligibility and tax treatment depend on current rules and fund terms.
Thailand ESG funds
The source describes Thailand ESG funds as investing in companies assessed against environmental, social, and governance considerations. Review a fund’s current investment policy and holdings before investing.
ESG as an investment theme
The 2024 discussion described ESG investing as an increasingly prominent theme because it considers environmental, social, and governance factors.
Thailand ESG funds
The episode discussed Thailand ESG funds as giving investors a way to invest in companies that meet a fund’s ESG criteria.
What ESG criteria may consider
ESG approaches may consider a company’s environmental impact, social practices, and governance. The criteria and methods vary by fund.
How ESG funds invest
Funds use different approaches to select companies based on their stated ESG policies. Read the prospectus to understand a specific fund’s method and risks.
Summary and considerations for investors
The episode’s 2024 outlook described markets as uncertain and encouraged investors to research products and plan carefully.
The 2024 market outlook
The discussion expected continued market volatility and recommended monitoring market news and developments. Those views are historical, not a current forecast.
Asset allocation
Asset allocation is one way to spread exposure across investments. The mix should reflect an investor’s goals, time horizon, and risk tolerance.
Before investing
Read current product information and understand a fund’s investment policy, fees, risks, and terms. Review your investments regularly and consider seeking qualified advice suited to your circumstances.
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