BRIC has turned to just IC with better opportunities in India and China, said Jesse Clinton, Managing Director at Snowden Lane Partners. Clinton added that Russia will have continued challenges including higher inflation and recessionary conditions. He said investors should keep an eye on dropping oil prices but not get caught up in headline risk. Clinton said he favors technology stocks, especially security companies, because they have better balance sheets and are the only sector with more cash than debt. Finally, Clinton advocates patience in stretching for yield and being selective when choosing high yield bonds or bond funds.
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