As the expectation of a rate cut by the Federal Reserve in the United States heats up, investors in the Asia-Pacific region have increased their risk appetite and are starting to consider allocating their cash into the stock market. The Fidelity International "2024 Asia-Pacific Investor Survey" shows that, given that cash assets such as savings accounts have been providing higher interest rates in recent years than in the past decade, nearly half (48%) of investors in the Asia-Pacific region allocate their assets to savings and fixed-term deposits. However, due to the expected rate cut cycle to unfold in the next 6 to 12 months, investors in the region are gradually losing enthusiasm for cash and stocks are becoming the preferred choice for investors entering the next market cycle. The above survey shows that Asia-Pacific investors are preparing for the expected rate cuts by the Federal Reserve in the next 6 to 12 months, shifting towards a preference for riskier investments, planning to reduce their cash holdings and shift to other investment products. Based on the fact that stocks have traditionally benefited from rate cut cycles, more than half (53%) of investors in the region are considering increasing their stock investments, with investors from Taiwan (61%), Singapore (60%), and Australia (59%) showing particularly significant interest. The proportion of investors from Hong Kong is 49%. In addition, 61% of investors from Hong Kong plan to invest in assets that provide returns, similar to the Asia-Pacific average (64%), with investors from Taiwan (74%), Australia (73%), and Singapore (72%) particularly prioritizing returns. Furthermore, 28% of Asia-Pacific investors plan to significantly increase their bond allocations. Although the survey shows a continuous increase in interest from investors in the region for risky assets, there is still a considerable number of investors (40%) planning to increase their cash holdings in the next 12 months. Another quarter (24%) of investors in the region plan to invest more funds in fixed-term deposits. Only 17% of Asia-Pacific investors plan to reduce their allocation to risky assets in the next 12 months, based on expectations for increased market volatility, lack of confidence in the market due to years of volatility, and overall low risk appetite. This may lead investors to miss out on the next market cycle, or even miss out on opportunities for long-term capital appreciation. Stanley Chan, Director of Investment Strategy at Fidelity International, said that most investors in the region are actively considering investment opportunities outside of cash such as stocks and bonds to capture the next market cycle. While holding cash in a portfolio can maintain liquidity and flexibility, holding too much cash may drag down the overall portfolio returns as interest rates decline. The primary investment goal for most investors in the region is long-term capital accumulation, with an expected annual return of 8%, making it crucial to seek investment choices beyond cash. The recent strong performance of the U.S. market is expected to be the most favored by Asia-Pacific investors in the next 12 months, followed by global and Asian markets (excluding Japan). The survey results show that Asia-Pacific investors typically build diversified portfolios with three types of assets. Allocating funds to different assets and markets helps to increase returns and reduce risk, serving as an important driver for long-term and sustainable capital growth.