Investment ideas: June 2013

ENAR

The Standard and Poor’s 500 Index reached an all-time high last month, surging past its previous record reached in October 2007. It was up 11 percent as of April 25 as investors continue to deploy cash in risky asset classes. The key market concerns have not abated though: the European sovereign debt crisis is still making headlines and the United States’ debt continues to balloon unabated. This month Executive takes investment recommendations from Samer Kanafani, senior equity analyst at MedSecurities, a BankMed subsidiary, and Amin el-Kholy, head of asset management at Arqaam Capital.    Samer Kanafani  Recent rally overdone? While Kanafani is bullish in the long term on US equity markets, he anticipates a correction soon and expects the markets to end around the same level, or slightly higher, by year end. “The world is not yet a happy place,” says Kanafani, adding that the markets are being “injected with