The continuing crisis in Europe also provides an investment opportunity, according to Veranth. Few expect the outcomes in Europe to be good. In fact, investors have been betting against recovery for most of 2011. This has sent the price of large multinational companies like General Electric down.
Veranth believes, however, that the price for multinationals has been pushed too low.
"Earnings estimates for a lot of large companies have come down significantly. Some of them may have come down too much," Veranth said. "Large multinationals can invest wherever they need to around the world. Even when Europe was relatively healthy, there was significant growth in South America and Asia. There's more room to grow."