Financial markets appear to be optimistic about President-elect Donald Trump's proposed economic plans on the campaign trail, if the initial reaction is an indication.
Stocks have bounced, inflation expectations have firmed and U.S. Treasurys, long a port of refuge of skittish investors, have tumbled. But one analyst told CNBC on Wednesday that expectations could realign as early as 2017 when the new administration takes office.
David Riedel, president and founder at Riedel Research Group, told CNBC's "The Rundown" some of Trump's more aggressive policies may not get implemented, while others might look very different once put in place.
When that happens, Riedel said investors could look outside the U.S. for opportunities and these are some of the assets that might benefit.
Riedel said he liked the Zurich, Switzerland-based infrastructure technology company because of its various projects around the world.
If the Trump administration were to put up trade barriers and adopt protectionist measures, it was possible many countries were going to "try to take matters into their own hands," said Riedel, suggesting there could be a pickup in economic activity through infrastructure spending in more countries.
ABB, however, said its third quarter orders dipped 14 percent on-year on weak customer demand, with its CEO telling CNBC in October that the Brexit vote and the U.S. elections were to blame. The fall in customer orders came despite cost-cutting measures that helped boost its profit margin.
The company trades on the Swiss exchange as well on the New York stock exchange. Its U.S.-listed American depositary receipt (ADR) is up 19.68 percent year-to-date.
ABB are "a well-diversified way to play fiscal stimulus through infrastructure spending around the world," according to Riedel.
The (EWW) is a dollar-denominated exchange-traded fund (ETF) comprising Mexican-listed companies and trades in the U.S. Riedel said the fund "captures both moves in the (Mexican) currency and equities."
The ETF has lost 15.25 percent on the back of Trump's victory, although the losses for the year-to-date are a shade smaller at 10.21 percent.
Mexican assets, particularly the peso, were closely watched during the U.S. election cycle and used as a barometer for the market's sentiment toward the president-elect following his remarks about building a wall along the U.S.-Mexico border and making Mexico pay for it.
The has tumbled 9.66 percent versus the dollar since the election.
"I think Mexican shares and currency have been oversold," said Riedel, adding he didn't think most of Trump's proposed policies toward Mexico would get implemented and the ones that do would look very different from what was said on the campaign trail.
The Singapore-listed real estate investment trust (REIT) owns bonded warehouses and other logistics and trade-related spaces across Asia.
Year-to-date, the REIT has fallen 1.51 percent.
Riedel said a protectionist stance from the U.S. could spark more trade among Asian countries, which could see "well-positioned players like" Mapletree Logistics Trust benefit.
— Sam Meredith contributed to this report.