One investment analyst said he is looking for opportunities outside the US stock market. “There are still areas that look like good value, but by and large, it’s outside the US,” said Steven Glass, managing director and investment analyst at Sydney-based Pella Funds Management. Those are areas like Europe where we have invested quite extensively.” told CNBC’s “Squawk Box Asia” on April 8. “Also, we’re looking at value in Asia, China looks very cheap. And India still does.” [has] “Huge growth potential lies ahead,” he added. in the past 12 months. HDFC Bank recently reported 55.4% year-on-year compound growth for the quarter ended March 31. Of the 42 analysts following HDFC Bank on FactSet, 37 rated it buy or overweight on the stock at an average price target of 1,898 Indian rupees ($22.81), offering upside potential of nearly 23%. The bank’s shares are traded in the Nifty India Financials ETF (15.6% weighting) and iShares India 50 ETF (11.2%). Glass is invested in AIA Group and is “looking for more ideas.” The insurance giant’s shares fell to a seven-year low in late March and have continued to fall. Over the past 12 months, its shares have fallen about 37.5 The company recently reported a 33% increase in the value of new business to $4 billion in fiscal 2023, thanks to strong sales growth on key markets such as China, Singapore and Vietnam. AIA’s new annual premiums for fiscal 2023 increased 45% to reach a record $7.7 billion. All 30 AIA Group analysts on FactSet have a buy or overweight rating on the stock with an average price target of HK$93.95 ($12), giving it near upside potential. 80%. The life insurance company’s shares are traded in the iShares MSCI Hong Kong ETF (20.0% weighting) and the Franklin FTSE Hong Kong ETF (19.2%).