The next 12 to 18 months will be slow and painful, but America's fundamentals support longer-term optimism, says University of Chicago economist Austan Goolsbee.
Fidelity fund manager Bill Kennedy is seeing stock-picking opportunities amid better investment prospects in Europe, improving consumption in Japan, and cheap P/Es in Korea.
Although passive market-cap-weighted ETF strategies remain popular in developing markets, they do have their drawbacks, but actively managed low-volatility and value strategies are gaining momentum, says Morningstar's Patty Oey.
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