Gary Motyl,Chief Investment Officer at the Templeton Global Equity Group,says they find value in virtually every country and industry.They're not really finding over-valuation to any great degree.The emerging markets are being quite astute.You have to give them credit.Templeton has a fair amount of exposure to both Chinese and Indian stocks.
In total,Mr.Motyl believes,things are back on track for the global economy.He thinks the recent pullback in Europe does give one an opportunity.They like BP,regarding it as a great total return stock.BP has a strong balance sheet,with a good management team setting themselves up for the next 5-10 years.Templeton also likes Sanofi Aventis,a pharmaceutical company that has positioned itself to be a primary player in the diabetes market.There will be a great demand for those products,Mr.Motyl observed.
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