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That may prove a smart move. But pockets of opportunity still exist, according to our panel of six investment experts. Notably, most of them focus on opportunities outside of the U.S. stock markets, with ideas ranging from Indian and Chinese equities to leading industrial automation companies in Europe to actively managed high-yield corporate bond funds to gold. Bloomberg Intelligence exchange-traded fund analyst Eric Balchunas adds his suggestions on how ETFs can serve as loose proxies for themes or sectors the experts focus on, and sums up how last quarter’s picks performed.