The recovery won't be bolstered by the consumer, like in previous recessions. Instead demand will come from a build-up of low inventories and large companies' exposure to emerging market growth, Edith Thouin, vice president of ABN Amro Private Banking said Monday.
"We do think we are in a V-shaped recovery and equities are the place to be," she said, adding that investors should still shift their focus into a more diversified portfolio.
She told CNBC investors should bet on industrial and base material companies, as well as international companies with good exposure to China, South America and other emerging market countries.
"The appetite for especially anything exposed to the growth markets in Asia, in Latin America, is still very attractive to investors and because private investors have been holding back here — they really haven't participated in this rally — it's good to lure them back into the equity markets," Thouin said.
She likes global miner BHP Billiton in the base material sector, as well as steel companies like Arcelor Mittal and ABB.
Engineering companies like Siemens and Philips also look good, according to Thouin.
Mid- and small-cap companies, which have suffered recently during the downturn, hold investment potential as they will benefit in the pickup in inventory activity as they often supply larger companies, Thouin said.