![InnovestX Ventures into Fund Market, Curates Strong Core Portfolio for Long-Term Returns Amid Global Economic Flux and Geopolitical Tensions](/img/files/20240509/iq3df0a016997ccef6740b3ab8b8af9caa.jpg)
- Offering exclusive deals: zero front-end fee from today until June 28, 24.
InnovestX Securities Co., Ltd., the investment flagship of SCBX Group, continues to lead in the development of investment products and services. In the first quarter of 2024, it has garnered investor interest, resulting in a fund inflow of over 9 times compared to the 2023 average. This achievement is attributed to three key strengths: 1. Curating robust funds from over 1,800 funds across all asset management companies in an unbiased manner; 2. Providing all-weathered investment advisory that meets the needs of each customer segment and suits market conditions at any given time; and 3. Offering great value through exclusive deals. Recently, InnovestX recommends four robust funds to construct a Core Portfolio, a fundamental portfolio that investors must have to build stability and long-term growth opportunities amidst the uncertain global economic conditions, the declining hopes for reduced interest rates, and concerns over conflicts in the Middle East. These include Global Equity Fund SCBWORLD(A), Global Fixed Income Fund PRINCIPAL GFIXED, Global Property Fund SCBGPROPA, and Gold Fund SCBGOLDH, each offering distinct advantages and potential for long-term growth. Additionally, investors can take advantage of the exclusive deal: waived Front-end Fee when purchasing funds from May 1st, 2024, to June 28th, 2024, only.
Mr. Payon Pongsawaree, Assistant Managing Director of Wealth Products and Strategy of InnovestX Securities Co., Ltd., stated, "Investment Overview for April 2024: The global stock market remains in a state of 'adjustment and revised expectations.' While the overall stock market index is still in a correction phase, investor expectations for interest rate cuts have begun to diminish. This shift follows the retreat of the Fed chair and most Federal Reserve members from their previous stance on interest rate cuts for the year, prompted by unrest in the Middle East, which has further pressured oil prices. In May, InnovestX highlights four key points to monitor: 1. Concerns over 'Sell in May,' a period when international fund managers typically reduce trading volumes due to holidays, resulting in lighter-than-normal trading activity. 2. Worries about the resurgence of inflation, as the Core PCE YoY of the United States stabilizes. 3. The May FED meeting signaling a slower pace of interest rate cuts than previously anticipated, shifting from an expected three reductions to just one or two. However, the delay in reducing the budget deficit has helped alleviate liquidity pressures. 4. Concerns about the slowing pace of operations. With the aforementioned reasons combined with the positive adjustment of several stocks in various markets since the beginning of the year, there is a trend indicating the stock market's tendency to stabilize. Therefore, InnovestX evaluates May as a period where investors need to differentiate between strong and weak markets. Overall, the potential for market consolidation presents an opportunity for accumulating medium-to-long-term investment portfolios (3-6 months and beyond 12 months). Markets of interest for gradual accumulation include the United States and China."
The 4 funds recommended for investment by InnovestX
- Microsoft: A global leader in AI technology and the world's most valuable company, specializing in software development and various technology services.
- Apple: Renowned for manufacturing and developing cutting-edge electronic devices globally, and notably holding the largest position in Warren Buffett's portfolio.
- Nvidia: A significant player in the AI chip market, experiencing over 2000% growth in the past 5 years. The company develops and manufactures graphic processing units and virtual processing systems, catering to technology businesses worldwide.
- Amazon.com: The largest e-commerce and online service provider globally, including the premier Cloud Computing service.
- Meta Platform: A globally recognized technology and social media company, encompassing Facebook, Instagram, WhatsApp, and ventures into Virtual Reality technology.
For investors interested in more details about the funds can visit www.innovestx.co.th/products/fund/mutual-funds. For analyses and investment strategies, visit www.innovestx.co.th/research and on Facebook at InnovestX.