Sehgal Plans to Buy Apple, P&G Amid Forecast S&P 500 Will Surge

Rohit Sehgal, a money manager whose Canadian growth fund has outperformed 92 percent of its peers over the past five years, said he is building his U.S. holdings in anticipation of a surge in American stocks next year.

The manager of the Dynamic Power Canadian Growth Fund said he plans to increase the fund’s stakes in companies including Apple Inc., Procter & Gamble Co. and U.S. industrial companies, estimating the Standard & Poor’s 500 Index will gain as much as 20 percent in 2011 as the economy grows faster than forecast.