UOB recommends investment diversification to overcome the impact of the conflict between Iran and Israel. Invest in multiple assets and good quality debt instruments. Mr. Gidon Jerome Kessel, Executive Vice President Deposit and investment management products for consumer banking, UOB Bank Thailand, stated that from the conflict in the Middle East where there have been attacks between Iran-Israel Investors should be more cautious in investing. And it is expected that the market will remain volatile in the short term. The impact is higher oil prices due to the risk of oil supply disruptions from the Middle East. If Iran blocks the Strait of Hormuz It could cause damage of 21 million barrels per day, or about 21% of global consumption. Uncertainty makes investors look for safe assets. It is a supporting factor for gold prices. US Government Bonds (UST) and the US Dollar (USD) 'A sharp increase in oil prices could affect inflation and delay interest rate cuts. However, risk aversion is likely to be short-live d. And market confidence is expected to become stable again. If the conflict does not escalate Recommendations: Review your investment portfolio. To consider the risk of investing in risky assets that are too concentrated or not. Focus on achieving your long-term financial goals by building a strong investment portfolio. Through the Core Investment group of assets, diversifying investments across multiple assets. (Multi-Asset) with investments in a variety of assets, regions, and industries. to reduce the volatility of investment portfolios,' said the Assistant Managing Director of UOB Thailand. In this regard, you should consider debt funds and good quality debt instruments (Investment Grade) that will help create stability for your investment portfolio during market fluctuations. Debt instruments also have attractive rates of return and opportunities for price profits. If the central bank starts cutting interest rates at the end of this year and investors who can accept the risk Consider investing in globa l healthcare, Asia excluding Japan, and ASEAN. You can gradually accumulate investments in quality growth stocks and dividend stocks during periods of market decline. Recently, UOB opened the Wealth feature in UOB TMRW to help investors buy-sell-switch mutual funds more conveniently and quickly. Can manage wealth via mobile phone Open from 23 April 2024 onwards, investors will have direct access to foreign funds. Makes it possible to invest directly in foreign currency mutual funds from 14 well-known fund management companies .-511 Source: Thai News Agency
