Cash and money market instruments are expected to perform well, said the investment manager.
Hong Kongers surveyed by Finder believe cash will perform best this year.
The firm is also overweight cash and it believes most fixed income assets do not have attractive returns.
Data collected by Last Word Research shows a rapid rise in pessimism towards equities and credit among fund selectors in the region.
A significant number of Asian retail investors prefer to hold cash over the next six months, even though they believe some regional markets will deliver a double-digit return in 2015.