Sanjay Ayer of WCM Investment Management shares with CNBC his stock picks in three 'new' growth areas — including one he says is the 'best game in town.'
Markets may be facing an "unusual amount" of uncertainty, but there still are very good opportunities right, according to one portfolio manager, who tells
Pro about three new growth areas and the stocks he likes. There are many "cross currents" in the market right now, said Sanjay Ayer of the U.S.-headquartered WCM Investment Management. "You have the Covid period. You have lots of supply demand imbalances out there. You have macro headwinds, you have higher interest rates, higher inflation, uncertainty about both. And then you overlay on top of that the emergence of two or three brand new secular growth themes," he said.
Pro takes a look at the stocks he likes in three "brand new" areas of growth: obesity drugs, reshoring and artificial intelligence. Obesity drugs Denmark's Novo Nordisk is one of the biggest health-care holdings in Ayer's fund. He's bullish on the company not just because of the strong demand for its products, but also because its strong corporate culture "has set up well" for talent acquisition.
's Christina Cheddar Berk, Carmen Reinicke and Julie Coleman contributed to this report.
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