Investors are at odds on whether it's a good time to stick with Australian stocks.

Aberdeen Standard Investments is betting on the nation's equities to outperform bonds in the coming years despite rising volatility. JPMorgan Asset Management is less convinced.

Stocks remain Aberdeen's pick over bonds in its Australian multi-asset portfolio on improving return expectations, boosted by dividend payments.

To hold, or not to hold on to Aussie stocks? Investors are divided. Credit:Peter Braig

The firm, which oversees $US736 billion ($1.02 trillion) in assets, currently invests about 20 per cent of its Australian multi-asset portfolio in local equities and less than 5 per cent in bonds, said Josh Hall, senior investment specialist.