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[video] Quick Take: Growth Areas in a Slow Economy

NEW YORK (TheStreet) -- The global recovery is far from robust, but there are a number of growth themes for investors to focus on, George Evans, CIO of Equities at OppenheimerFunds, told TheStreet's Gregg Greenberg. 

Evans said investors have been obsessing over the macro-economic environment, which is much less relevant when it comes to equities. There are three main growth categories he's focused on: the developing markets' middle-class consumer, new technologies and aging. 

Evans said the biggest thing many investors overlook is the sheer size of the emerging market middle class. One of the best ways to play the growth trend is by investing in Western world companies, products of which are often held in high regard by developing markets, Evans said. Luxury goods have a high status and emerging market sales now account for over half of the industry's total revenue. 

Turning to new technologies, he suggested the amount of data double each year and that trend is expected to continue for the next 10 years. For investing, three industries Evans prefers include data storage, data delivery and data management. 

Finally, the world population is aging at a rapid pace. Evans noted that estimates are calling for the Chinese population over 65 to triple over the next 35 years. 

His suggestion is to buy companies that improve our quality of life. While many investors might first think of pharmaceutical companies, Evans said specialty services, such as eye care and hearing aids, are better places to put money to work. 

-- Written by Bret Kenwell in Petoskey, Mich.

Stock quotes in this article: SPY 
Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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