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What the Pros Say: Where to Buy Overseas

With US economic growth in question and the Dow, Nasdaq and S&P 500 suffering from a serious case of volatility, investors are looking overseas for opportunities in the hope of escaping the worst of the credit crunch. Here's where experts from across the world think they buying opportunities are:

WALL STREET IN CRISIS - A CNBC SPECIAL REPORT
WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

Look East for Growth

"China still has a great balance sheet, still has reasonably good growth ahead of it," Khiem Do, head of Asian multi-asset at Baring Asset Management told CNBC, adding that Hong Hong's Hang Seng Index is still a "fabulous long-term growth story, which is valuable to investors." Khiem Do is also bullish on Korea and Thailand.

Star Buys in Latin America

Investors looking to Latin America for investment opportunities should focus on large-cap stocks because "once these markets rebound, that's where investors are going to go back to first," Will Landers, fund manager from BlackRock, told CNBC. Landers likes commodity stocks such as Petrobras and the domestic Brazilian banks.

Buy Russia if Oil Stays Near $100

Russia has substantial currency reserves and has benefited from its oil reserves, Christian Goldsmith, international investment specialist at Fortis Investments, told CNBC. Despite the concerns over geopolitical risks in the region, Goldsmith points out that if oil remains at or above $100 a barrel, Russia can benefit more.

Hot on Aussie Dollar

The Australian dollar could rally to $0.80 to $0.81 in the near term, Benjamin Pedley, MD & investment strategist at LGT Investment Management told CNBC. Pedley recommends buying short-dated, Australian dollar-denominated bonds issued by the top banks in Australia.

Cramer: Stay Away from BRIC

The defensive food and soft good companies seem to be working internationally, but the BRIC plays definitely are not, says stock guru Jim Cramer. He’s not recommending any commodity-related stock.

Banks

  • Maybank CFO: Expect slower loan growth this year

    Mohamed Rafique Merican, CFO of Maybank Group, says factors such as weaker commodity prices and the implementation of the goods and services tax will weigh on loan growth this year.

  • These factors will take Japan stocks higher

    Nicholas Ferres, investment director of Global Asset Allocation at Eastspring Investments, attributes his bullish stance on Japan to factors such as corporate restructuring and valuation re-rating.

  • China is pulling out all the usual easing props to boost its slowing economy, but they don't seem to be working as well as they used to.