Asian stocks have lost most of their gains of the year and May will likely end as the worst month for equity markets in more than three years, but some strategists tell CNBC this is an "amazing" time to accumulate stocks.

"There's an incredible amount of noise. It's incredibly scary. We understand that but it is an amazing opportunity for investors to focus on their long-term requirements," Marc Desmidt, Managing Director of BlackRock's Asia Pacific Portfolio Management Group, said on CNBC Asia's "Squawk Box."

"This is an amazing time to look at equities across the world, dividend stocks that are going to generate an income for people who are going to be living a lot longer than they have in the past," he added.

Desmidt, whose team manages $300 billion of assets in Asia, said he is trying to advise clients to buy more equities, as well as other so-called risk assets.

"Safe havens are quite expensive and bonds give you a negative yield," Desmidt said. "Cash is going to burn a hole in your pocket over time, especially in Asia with inflation levels around 4 or 5 percent."

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