The mutual fund has returned 40% over the past year, better than 64% of its large-cap peers that own growth and value shares.
Welcome to TheStreet.com's Fund Manager Five Spot, where top mutual fund managers give their best stock picks and views on the market in a five-question format.
Do you believe in the adage that investors should sell in May and go away?
I've heard that phrase quite a bit recently. But with $6 trillion sitting on the sidelines parked in money market funds and cash starting to leak into equity funds, as well as a very stimulative
policy, I think that won't be the case this year.
Are you still a fan of China even as the government is trying to keep the economy from overheating?
We are focusing more on the consumer side. We do think there is trouble with the property market since home prices to income ratios are about 5 times what we see in the U.S. today. But on the consumer side you still have this powerful demographic story where you have more than a billion people's income rising faster than the rest of the world, so the consumer story is still very strong in China.
Europe is suffering from the Greek debt crisis. Are there any good plays because of the weak currency?
Right now, we have an overweight position in
. We like Siemens because it's a big exporter out of Europe and they will benefit from the cheap euro. Longer term, we like Europe on its valuation, but right now we are sticking with the exporters.
In the U.S., you're a big fan of bank stocks. Will tighter financial regulations dull returns?
I am hopeful that the regulation that does come through will be less stringent than is currently feared in the market. So what's out there is already priced in the market. We like Bank of America. It's in our top holdings. Once Bank of America gets back to normalized earnings, the stock should double.
Outside of financials, you are positive on tech in the U.S., especially Qualcomm.
We like Qualcomm due to the heightened global demand for smartphones. That's a licensing company that benefits from the increasing demand for these 3G products. They are ramping up worldwide, so Qualcomm is a winner.
-- Reported by Gregg Greenberg in New York.
Before joining TheStreet.com, Gregg Greenberg was a writer and segment producer for CNBC's Closing Bell. He previously worked at FleetBoston and Lehman Brothers in their Private Client Services divisions, covering high net-worth individuals and midsize hedge funds. Greenberg attended New York University's School of Business and Economic Reporting. He also has an M.B.A. from Cornell University's Johnson School of Business, and a B.A. in history from Amherst College.