Johannes Eisele | AFP | Getty Images
A trader works ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) on April 12, 2019 in New York City.
According to Emons, investors will get a bigger bang for their buck in the United Kingdom, where Brexit risks are creating jitters and pressuring the market. The nation’s benchmark FTSE 100 is about flat over the past year.
“There is so much uncertainty around this Brexit, that I think it has now come together that the extension being pushed out further in the future,” added Emons. “This is an opportunity where the U.K. market has upside, relative to Europe and to U.S. because of the uncertainty of Brexit now disappearing.”
For investors who have a larger risk tolerance, he said he sees China and smaller Asian economies such as [South] Korea and Malaysia posting big gains. In fact, he expressed confidence that the U.S.-China trade war will have a favorable resolution.
“For example, [South] Korea. It’s very sensitive to the global trade. That’s a pretty undervalued market now, and that’s where the turn is happening,” Emons said. “Those markets have lagged in value to the other markets.”