We asked these 10 financial professionals to highlight investing opportunities they think will perform well over the next year and to discuss the most important topics not making headlines. Here’s what they had to say.

“Quality is the new black. We like stocks with strong balance sheets and high profitability.”

Gina Martin Adams

Equity Strategist at Wells Fargo

“Parts of fixed-income are offering more compelling returns than stocks. It would be imprudent not to take advantage of opportunities in high-yield bonds, bank loans, and elements of the investment-grade bond market and structured credit. Subprime autos look cheap, but I wouldn’t touch them.”

Scott Minerd

Chief Investment Officer at Guggenheim Partners

“Lower-than-normal market volatility the past few years helped create a sense of complacency. This higher level, which is more normal, reflects a more uncertain macro policy and political environment ahead, but is neither good nor bad; it should be expected and ultimately offers greater opportunity.”

Richard Madigan

Chief Investment Officer at J.P. Morgan Private Bank

“The emerging economies have been the engine of growth for the last 15 years, and the fuel for that engine has been debt creation.”

Chad Morganlander

Money Manager at Stifel Nicolaus

“In the short term, the U.K.’s EU referendum has potentially huge consequences across asset classes. A vote for Brexit could mean a 20 percent fall in sterling and a 1.5-percentage-point slowdown in GDP growth. Inflation and labor costs could rise sharply. But over time, Brexit could prove beneficial.”

Ben Laidler

Global Equity Strategist at HSBC

“The concept of quantitative easing and other heterodox policy tools had their purpose early on in the crisis. But the continued use of these tools has decreased significantly their benefits and now are proving to be damaging for global financial stability.”

Gerardo Rodriguez

Portfolio Manager, Emerging Market Allocation Fund at Blackrock

“We’re at an inflection point with commodities. China’s growth is slowing, and the ripple effects for growth are being felt everywhere.”

Dane Davis

Commodities Research Analyst at Barclays

“In the U.S., monetary policy had a clear transmission mechanism: mortgage refinancing. There is no such transmission mechanism in Europe or Japan; the mortgage industry doesn’t work the same way, and the benefit of low rates is tenuous. We’re putting too much hope on monetary policy there.”

Jim McCaughan

Chief Executive Officer at Principal Global Investors

“Financials may be the most feared sector in the world and also the most under-owned. We believe less regulation will actually become a trend and that these companies will be able to grow, pay dividends, rebuild their balance sheets, and really benefit from asset movement out of bonds and into equities.”

Brian Belski

Chief Investment Strategist at BMO Capital Markets

“I like consumer discretionary and industrials. Energy, jobs, and credit are all moving in a favorable direction for U.S. households.”

Neil Dutta

Head of Economics at Renaissance Macro Research

With additional reporting by Margaret Collins, Jacqueline Fabozzi, Nichole Kwok, Nina Melendez, Emma Orr, and Colby Smith

This story appears in the May/June 2016 issue of Bloomberg Markets magazine.

(Corrects Jim McCaughan's title.)