KEY POINTS
  • Howard Marks, a widely followed billionaire investor said with yields on U.S. Treasurys close to zero, other asset classes look "very attractive" in comparison — but returns may still be lackluster.
  • But investments that have been "out of favor" such as retail and office real estate, as well as stocks in the entertainment and hospitality sectors could offer big returns, said Marks, a widely followed billionaire investor.
  • On the latest sell-off in U.S. markets led by tech stocks, Marks said many investors are focused on short-term fluctuations that may not mean much.

SINGAPORE — Investments that have been "out of favor" could offer big returns that are becoming increasingly difficult to find in today's low interest rate environment, according to Howard Marks, a widely followed billionaire investor.

"It's not easy to find opportunities today," Marks, co-founder and co-chairman of Oaktree Capital Management, told CNBC's "Street Signs Asia" on Wednesday.