Betting on Asia's Domestic Consumption Story

There is no reason not to be a 100% invested in emerging markets in Asia, believes Roman Scott, managing director at Calamander Capital, citing that he is bullish on the region's domestically-driven economies.

"We love the whole India sub-continent story, Bangladesh and Sri Lanka as well, and we like Indonesia," he said on CNBC's Protect Your Wealth.

However, Scott highlighted that he is staying clear of Chinese equities, forecasting more downside for the markets, even as it shifts gears to become more domestic-focused.

The Chinese stock market bears little relation to the fundamentals of the real economy, he said, explaining that the market is largely liquidity-driven and is therefore riskier.

Scott believes the global market fundamentals remain frail, particularly due to the instability of the economic recovery in the euro zone and a weak consumer growth picture in the United States.

This is a great environment for "traders of volatility", he concluded, however, investors looking to park their money in the medium-to-long term should be cautious.

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Catch "Protect Your Wealth" on CNBC's Asia Pacific network every Tuesday on "CNBC's Cash Flow," Wednesday on "Asia Squawk Box" and Thursday on "Capital Connection."