Speaking to CNBC-TV18 Bob Doll, Chief Equity Strategist & Senior Portfolio Manager of Nuveen Asset Management said the impressive run in equities is likely to continue. "Brexit fears were overdone."
"The question marks around strategy, user growth, and new innovations remain. My preference is to sit on the sidelines and learn a little more. There are many, if not more uncertainties today than there were yesterday," Bob Doll, chief equity strategist and senior portfolio manager at Nuveen Asset Management, told CNBC on Friday.
Robert Doll expects equities to outperform other asset classes this year. He is also Sceptical of Brazil, India, Indonesia, South Africa and Turkey since they are facing headwinds related to elections and fear of sudden withdrawal of foreign cash due to Fed tapring.
"Gold has come down because everybody piled in on it for 12 years in a row and (I`m) sure some people used leverage and it was due for a very severe correction," said Axel Merk, chief investment officer at Merk Investments
Good macros and strong earnings can help the Indian equity market move higher, says Robert Doll of Nuveen Asset Management.
Robert Doll of Nuveen Asset Management believes the emerging market sell off happened for good. The market has already discounted the Federal Reserve tapering and therefore, one may not see huge pain going ahead, he adds.