EAS Fund Discovers New Emerging Markets

NEW YORK (TheStreet) -- Robert Isbitts has taken the EAS Genesis Fund(EASIX Quote) beyond emerging economies to what he calls "frontier" markets.

The mutual fund, which invests mainly in other mutual funds and exchange traded funds, has risen 10% this year, better than 60% of its Morningstar peers. Isbitts, a co-manager of the fund, also highlights companies that operate in clean energy and water management.

Welcome to TheStreet.com's Fund Manager Five Spot, where America's top mutual fund managers give their views and picks in five questions.

Are you bullish or bearish?

Isbitts: It depends on the time frame and the market we are referring to. On equities, I think we'll probably see higher prices three years from now, but as in the late 1930s, the path to recovery from financial collapse will be very uneven. That is, we are still in a secular bear market for stocks around the globe, but the "lower-lows and lower-highs" phase is ending, and we are getting closer to higher-lows and higher-highs. The path from one to the other is likely to be choppy but productive for those who consider more than simply "style-box" equity strategies. Right now, we are invested in equities, hedged somewhat, and ready to slam on the brakes on a moment's notice.

What is your top fund or ETF pick?

Isbitts: We have a variety of favorites, but if one is willing to look out as long as five years, I think there is a superior opportunity setting up in "environmentally sustainable companies." By this, I mean areas such as clean energy, water management, sustainable living and "green" transportation. The fund I like in this space is Winslow Green Growth(WGGFX Quote).