Expect Double-Digit Returns in 2011: Strategist
There are still a lot of opportunities for investors to make money right now, said Eric Thorne, senior portfolio manager and investment advisor at Bryn Mawr Trust Wealth Management, and Paul Simon, chief investment officer of Tactical Allocation Group.
“2011 is going to be a very good year for stocks—we’re looking at double-digit returns,” Thorne told CNBC.
In particular, Thorne likes the small- and mid-cap stocks in addition to the emerging markets.
In the meantime, Simon said he sees opportunities in fixed income and emerging markets.
“Within fixed income, we’ve seen high-yield munis sell off pretty violently in the last few months. We think given the current yields on high-yield munis, they offer an attractive entry point for investors searching for income in a low interest-rate environment,” he explained.
As for the emerging markets, Simon said countries such as Russia, Brazil, Malaysia and South Africa are rich in natural resources, and the recent market selloff represents a “good opportunity” for investors to enter.
IShares MSCI Emerging Mkts
Scorecard—What They Said:
- Simon's Previous Appearance on CNBC (Dec. 23, 2010)
- Thorne's Previous Appearance on CNBC (Dec. 2, 2010)
More Market Analysis & Advice:
- Cramer: Playing the 'Great Theme of 2011'
- Stocks Will Move Higher in First Half of 2011: Pro
- Economy to See 'Best Growth Rate' Since Recession: Pro
CNBC Data Pages:
No immediate information was available for Simon or Thorne.