(Bloomberg) -- Global equities will rise as much as 30 percent in the next six months on earnings and continued economic recovery, Bank Sarasin & Co. said. Bank Sarasin, which manages 79.9 billion Swiss francs ($79.6 billion), is “doubly overweight” stocks and commodities, said Burkhard Varnholt, Zurich-based chief investment officer. The Swiss private bank favors media, insurance, health care, car and renewable energy industries, he said.A surge in gold prices shows “a return of investors for such real assets,” Varnholt said in a media briefing in Hong Kong today. “If the next six months of the reaction to this turbulent crisis continue to follow the book of history, which is more likely than not, then that will suggest that equities globally still have another 20 to 30 percent upside from here onwards.”
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