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CNBC News Associate
The U.S. dollar will continue to be the currency of choice, said Ron Shah, managing partner at Jina Ventures.
“Management expertise, innovation, R&D continues to be in the U.S.,” Shah told CNBC. “I believe that managers in the U.S. can go overseas, acquire assets, integrate them and have a long-term future. That’s the future for the United States in the next 5 to 10 years.”
He told investors that he sees opportunities in American companies that have demonstrated track records of being able to go over seas, expand and integrate assets. “Countries such as [Brazil and China] need American management expertise.”
Shah Likes:
Sanofi-Aventis [SNY
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ICICI Bank [IBN
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Motorola [MOT
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ProShares UltraShort China [FXP
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HSBC Holdings [HBC
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Pimco Floating [PFL
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Disclosure:
No immediate information was available for Shah or his firm.
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