Japanese equities offer bigger potential returns because of a supportive central bank, Stephen Parker of JPMorgan Private Bank said Thursday.
"The best trade that you've had equity market where the central bank has been the most aggressive," he said on CNBC's "Halftime Report." "For a while, that was the Fed. Europe didn't start performing better until the ECB stepped up. And today, without question, that title goes to the Bank of Japan."
Parker, who is head of U.S. multiasset strategies, said Japan remained "a really interesting market" despite its underperformance at the start of the year.