JPMorgan Strategist Says Winners in Global Stocks Go Beyond AI

Global stock markets are offering returns that in some cases are beating the S&P 500 Index, with technology companies comprising a small part of some strategies, according to Paul Quinsee at JPMorgan Asset Management.

“International value was diversifying about as far away from technology and the Magnificent 7 as you can get,” Quinsee, global head of equities at the asset manager, said Thursday on Bloomberg Television’s Surveillance. “You can put together a portfolio of international value stocks” and pay about 11 times earnings for “decent companies.” Tech would be just 3% or 4% of that kind of basket, he said.