Marketplaces may well be dealing with an “unconventional total” of uncertainty, but there continue to are really fantastic chances ideal, in accordance to a single portfolio supervisor, who tells CNBC Professional about three new expansion spots and the shares he likes. There are numerous “cross currents” in the industry correct now, claimed Sanjay Ayer of the U.S.-headquartered WCM Expenditure Management. “You have the Covid time period. You have plenty of offer desire imbalances out there. You have macro headwinds, you have increased fascination rates, larger inflation, uncertainty about both. And then you overlay on prime of that the emergence of two or 3 brand new secular advancement themes,” he explained. Ayer oversees all-around $68 billion of WCM’s belongings, which include $400 million by using the WCM Decide on International Advancement Equity Fund. CNBC Pro will take a appear at the stocks he likes in three “brand name new” areas of development: being overweight medication, reshoring and artificial intelligence. Being overweight medicines Denmark’s Novo Nordisk is one particular of the largest wellness-treatment holdings in Ayer’s fund. He’s bullish on the firm not just simply because of the strong demand for its merchandise, but also simply because its powerful company culture “has established [it] up very well” for talent acquisition. The health care participant is in the business of making prescription drugs to handle serious conditions this sort of as diabetes, hemophilia and weight problems. Novo Nordisk ‘s Wegovy drug has been accepted by the U.S. Meals and Drug Administration for fat loss administration. GLP-1 (glucagon-like peptide-1) is an energetic component in the Wegovy drug and is stated to be a “important new development in the market place,” Ayer claimed. It was initially permitted to deal with diabetes but was eventually uncovered to have an off-label use in aiding pounds decline. They have been disrupting everything from proprietors of dialysis facilities to bariatric surgical treatment providers and the meals sector . Reshoring infrastructure Ayer sees vivid places in the reshoring topic way too. Reshoring — which takes place when firms change parts of their producing and provide chains to various countries — has boomed more than the previous decade. Amid other good reasons, firms engage in reshoring to steer clear of regulations and limitations in sure nations or shorten provide chains to limit possible disruptions. This pattern is more widespread in the U.S., Ayer reported, naming U.S. engineering solutions organization Tetra Tech and Canadian railway business Canadian Pacific as his top picks in the reshoring infrastructure theme. Calling Tetra Tech the ideal likely expenditure for the theme, the portfolio supervisor notes it is exceptionally perfectly managed and has “the finest match in town” when it arrives to developing wind farms, decarbonizing properties and executing vulnerability checks for increasing sea degrees and wastewater treatment options. He is good on Canadian Pacific for the reason that of its “greatest-in-class monetary efficiency for decades,” which he attributes to the lifestyle the firm has cultivated over a lot of years. Synthetic intelligence Synthetic intelligence is yet another “development spot” Ayer highlighted. The portfolio supervisor explained tech large Amazon is a great enjoy for the AI wave. Aside from from its involvement in tech, he expects the corporation to reward from a growth in market place share and earnings margin of its retail arm about the upcoming three many years. Ayer also likes program progress firm Atlassian , whose “powerful tradition,” he explained, has enabled it to get “finest-in-class talent.” The Australian computer software juggernaut — which uses AI in its packages — a short while ago manufactured the news for attaining U.S.-based mostly Loom for $975 million. Loom is a video clip-messaging platform with AI-run capabilities. “AI has relevance in markets like China, but evidently, it’s a very little additional investable in the U.S. correct now with the major AI businesses staying located below, so I think a great deal of dialogue is far more on the U.S. side, but there are a lot of corporations, in Japan, and India and some others that perform the topic as properly,” he claimed. — CNBC’s Christina Cheddar Berk, Carmen Reinicke and Julie Coleman contributed to this report.