One investment analyst says he's looking for opportunities outside the U.S. stock market. "There are still areas that look good value, but generally, it's outside of the U.S. It is areas like Europe, where we've invested quite extensively," Steven Glass, managing director and investment analyst at the Sydney-headquartered Pella Funds Management, told CNBC's " Squawk Box Asia " on April 8.
Bank In India, the investment analyst is betting on Indian bank . Shares in the bank have risen by nearly 6% in the past week, but are down around 7.2% in the last 12 months. Bank recently reported 55.4% year-on-year growth in gross advances for the quarter ended March 31. Of 42 analysts covering
Bank on FactSet, 37 have a buy or overweight rating on the stock at an average price target of 1,898 Indian rupees , giving it upside potential of almost 23%. Shares in the bank are traded in the Nifty India Financials ETF and iShares India 50 ETF . AIA Over in China, Glass is invested in AIA Group and is "looking for more ideas." Shares in the insurance giant sank to a seven-year low in end-March and have continued their decline.
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