A JPMorgan heavyweight who advises a $1.7 trillion business explains why investors should look outside the US — and pinpoints the markets they should target

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David Kelly, the chief global strategist at $1.7 trillion JPMorgan Asset Management, thinks stocks in Japan, Europe, and emerging markets will perform better than US indexes over the next few years.
Stocks in many overseas markets have been punished by fears of an economic slowdown and trade tensions, and Kelly says that they’ve fallen to attractive levels.
Meanwhile, he says there are few signs that the overall global economy or individual regions will go into recession.
Kelly thinks it’s going to be a bumpy few years for stocks as growth slows. But he says stocks are still a better option than bonds.

A top strategist for JPMorgan thinks the US economy could remain the envy of much of the world over the next few years. But when it comes to stocks, he says most other regions will do better.

David Kelly, chief global strategist for JPMorgan Asset Management, recently told Business Insider that investors in the US aren’t buying enough stocks from overseas, possibly because of signs of weakened growth in Europe, China, and Japan.

But after a brutal year for equities worldwide, he thinks traders should be loading up, since those stocks are now available at much more attractive prices.

“There are better opportunities overseas if people have the guts to get in there,” says Kelly, whose firm manages $1.7 trillion in assets. “International equities look cheap. Emerging markets look cheap relative to history.”

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Most jaor global stock indexes have suffered badly in the last year — and in most cases they’ve done worse than the US. Despite substantial rallies early this year, the MSCI Emerging Markets index is down 19% since its …read more

Source:: Business Insider


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