Where to Invest in 2013

- 2012-12-06T17:56:29Z

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Chris Leavy

Head of U.S. Fundamental Equity
BlackRock Inc.

New York

Leavy runs a unit that oversees $288 billion in actively managed equities at BlackRock, which has a total of $3.7 trillion under management as of Sept. 30.

Expect Solid Returns from Stocks

"Equities in the U.S. continue to generate a lot of free cash flow and are returning that to shareholders -- about 2 percent in dividend yield and 3 percent in share-buyback yield. And we think profit growth will follow revenue growth in aggregate next year. Even in a slow global gross domestic product environment, revenue growth will be in the 4 percent to 5 percent range. That means equity returns of about 9 percent to 10 percent."