Even still, the U.S. markets are seen as an opportunity by overseas investors explains CEO of International Goldman Sachs Asset Management Sheila Patel.
Patel focuses on EMEA (Europe, Middle East, Africa) and Asia Pacific excluding Japan for her role within Goldman Sachs (GS) - Get Report . Patel serves on the Asia Pacific Management Committee and Growth Markets Executive Committee for Goldman.
"There is still a belief in U.S. markets but that said, there is a realization that there is some moderation. That means there is some opportunity, people are taking a closer look at Europe and with emerging markets taking a hit, I think you are starting to see people look for a rebound.
Patel adds, "There is not a lack of confidence that the U.S. equity story can continue for a bit longer."
Patel was recently elevated to Goldman's management committee by CEO successor David Solomon and retiring CEO Lloyd Blankfein.
Goldman Sachs is a holding in Jim Cramer's Action Alerts PLUS member club. Cramer is an alumni of Goldman Sachs.