Investors should consider any dips in equities as an opportunity to add exposure to the stock market, preferably in the areas of China and technology, according to Credit Suisse in a research note.

Aggressive central bank and government fiscal and monetary policies, aimed at reviving growth, mean it is now time for investors to increase their exposure to riskier assets such as equities, although at a gentle pace, the bank said.

With much spare capacity in global economies, the surge of liquidity is likely to fuel a rise in asset prices rather than wage inflation, which is also what happened after the end of the dotcom bubble in the late 1990s, Giles Keating, head of research for private banking and asset management, said in the research note.

“This month, we make a significant change to our strategy, arguing that investors should become more decisive in using [stock market] dips to progressively build up quality equity exposure, within the context of a balanced portfolio that also includes substantial holdings of quality, short-term/medium dated fixed income assets,” the note said.

The note added that while the risks of depression have not disappeared, the chances of this occurring have declined.