Look to Singaporean and Hong Kong for investments that offer quality and income, Lim Say Boon, chief investment officer at DBS Wealth Management, told CNBC's "Street Signs."
Lim's recommendation came amid concerns about monetary policy globally, which has spurred surges in asset prices, leading to negative interest rates in many bonds and over-valuation across many equity markets.
"This is a historical struggle between economic dysfunction and policy intervention. This can go on for years," Lim said. But for investors, "You have to be earning income. You can not be sitting on cash," he said.
"You don't necessarily have to be in stocks. We are recommending to our clients that if you have to be in stocks, be in quality and be in income. So we're recommending income equities, dividend paying stocks," he said.
That's why DBS Wealth Management advised clients to look at Hong Kong and Singapore, Lim said.
"In Singapore, the dividend yield is 4 percent, in Hong Kong H-shares, it's 4.2 percent. The global average is 2.7 percent, the U.S. is 2.2 percent," he said, calling U.S. dividend stocks overvalued.
Lim said he was particularly interested in Singapore and Hong Kong real-estate investment trusts (REITs).