Bank of Ayudhya, or BAY, has revealed its investment outlook for the second half of 2026, advising investors to build a core portfolio focused on diversification and long-term investing, along with a satellite portfolio to capture higher return opportunities, against a backdrop of a slowing but not recessionary global economy. Dr. Napat Jatusripitak, founder and CEO of Siametrics Consulting, noted that AI agents will be a key turning point for global productivity, changing the nature of work rather than replacing jobs, and that investment opportunities from the AI theme span the entire ecosystem from infrastructure to enterprises that leverage AI to create added value. Mr. David Chao, global market strategist at Invesco, views the global economy in 2026 as slowing due to Middle East conflicts and high energy prices, but believes this is a delay in recovery rather than a recession, and expects the US Federal Reserve to resume rate cuts once inflation eases, while maintaining a positive outlook on global equities, especially the AI theme and emerging markets such as Taiwan, South Korea, and China. Mr. Hal Clark, senior portfolio manager at Invesco, emphasized that AI is still in the early stages of its growth cycle, and investment opportunities are not limited to large technology companies but cover the entire ecosystem supported by continuously increasing AI infrastructure investment. For the core and satellite portfolio strategy presented by Mr. Wirat Wittayasrithada, head of investment strategy and advisory at Bank of Ayudhya, and Mr. Varitthorn Thanavanichkul from Invesco, the core portfolio recommends funds KF-WORLD-INDX, KFUSINDX, KFGDA, and KFGDB for diversification and long-term investing, while the satellite portfolio recommends funds KF-SP500M, KFHTECH, KF-GEI, KKP EWUS500-UH, and SCBDJI to enhance return potential.
Bank of Ayudhya PCLBAY presents investment strategy; no direct impact on its own stock.
Invesco Plc