Saturday, March 2, 2024
HomehalftimeBet on cyclical rally in Europe: Pro

Bet on cyclical rally in Europe: Pro

Three cyclical sectors hold more promise for strong returns in 2014—outside the United States, Deutsche Bank Asset Management Co-CIO Randy Brown said Thursday.

"We think the U.S. growth will continue to accelerate, but we think that Europe has turned the corner," he said.

Noting that Europe's gross domestic product experienced negative growth in 2013, Brown said he expected 7 percent GDP growth in 2014 and EPS growth in the 10 to 15 percent range.

(Read more: Look to Japan for top 2014 play: Gemma Godfrey)

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