The key risk to investors right now is to follow the "doomsayers" who are preaching that it is time to get out of the equity market, according to Investec multi-asset portfolio manager and strategist Max King.
King (pictured) said he is constantly being "harangued by doomsayers" to go neutral or underweight equities, but he is ignoring the noise.
"There is a non-stop cacophony of comments to sell but the bulls are winning. We expect the market to continue to roll on. We see inflows into equity markets," said King.
In the UK the FTSE 100 is up 11.19% for the year to date, and the US Dow Jones Industrial Average is up 15.51% since the start of the year.
"The key risk for investors would be to follow the siren calls to jump out of the market and then be left on the sidelines," according to King.
He said he will be relying on earnings growth to continue performance.
King said he likes the energy sector, as prices in this area are "OK" and he is seeing improved corporate performance.
Elsewhere he expects miners, which have been hit this year by warning signs of a slowdown in China, are due for a comeback.
"Miners have so bombed out that they are probably due a bounce," he said.
King also likes technology, and sees long term growth in the healthcare sector.
He also believes it is a good time for active managers.
"Active performance is coming back in a big way. It's quite a good time for alpha.
"We're seeing mega caps performing quite poorly and a lot of good smaller and mid caps coming through, driven by bottom up performance.
"Emerging market, Asia and Japan is where alpha is performing best. Emerging markets have underperformed and are due a reversal. There are a lot of good undervalued stocks if you ignore the Chinese mega cap."
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