Stay Invested in Equities: Strategist
Stay invested in equities as markets still have more to go, advised Clay Carter, head of international equities at Perennial Investment Partners.
"It's not going to be in a straight line but we're going into earnings season and I think the numbers are going to be, in general, pretty good," Carter shared his views, on CNBC Asia Pacific's Protect Your Wealth.
He added that while investors should not set their hopes up for a strong rebound the U.S., there is evidence that the economic recovery is on track.
"It's not going to be a barn-burner but everything's in place for a reasonable recovery," he said. "Sub-par, under 3 percent, but recovering nonetheless."
Carter singled out China Automation Group - a major domestic player in the building of fast-trains -- as a good investor play.
"This company is one of four that is going to benefit from the business that they're going to get from the Chinese government," he said. "We think that's a good place to be as well."
In the travel and tourism sector, Carter expects shares of Malaysia Airport Holdings, which runs 39 airports in the country, to gain over the next 12 months.
Grupo Aeroportuario del Sureste of Mexico is also on his radar. He said the airport operator is very leveraged into the typical North American traveler and would ride on growth in tourist visits in line with a U.S. recovery.
Catch "Protect Your Wealth" on CNBC's Asia Pacific network every Tuesday on "CNBC's Cash Flow," Wednesday on "Asia Squawk Box" and Thursday on "Capital Connection."