Good Value Abounds

Gary Motel of Templeton Global Equity Group notes that,in the U.S.,stimulus hasn't kicked in yet,but it has overseas,particularly in China.We're finding good value in virtually every country right now,he said.The tech group has underperformed the market for 10 years,so Taiwan Semiconductor is attractive.Telecom stocks such as Telefonica still offer good value on a total return basis.In the health sector,Novartis exhibits good breadth of business and emerging market exposure,as well as potential valuation gains.Mr.Motel is looking for global growth for the next 3-5 years,but not to an outrageous extent.In recent days,fears that the Chinese markets may be overheating have been expressed by several analysts,however,as they look beyond the stimulus era.