NEW YORK - The global economic cycle has peaked, according to chief investment strategists at Deutsche Bank, and a sideways equity market in the U.S. and Europe is driving the world's smarter money managers to pay greater attention to Asia, as well as "sideline investments" that leverage burgeoning merger and acquisition activity.

While returns have been little more than mediocre in the last 12 months or so, offered Klaus Martini, global chief investment officer, private clients, Deutsche Bank, there are reasons for optimism within the traditional equity markets.

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