Skeoch thinks the Bank of Japan's decision to pump significantly more money into its economy is just the latest sign that quantitative easing will continue to expand and reverberate around the world.
"Monetary policy is still being loosened," he said. And that's been beneficial for stocks.
Investors have taken advantage of the low interest rate environment, and after years of quantitative easing, bet that central banks will keep pumping money in until the economy is on solid footing.
In addition to the United States, Skeoch thinks Japanese equities should rally over the next several years. The U.K'.s FTSE index is a good bet too, he says. Not because of any strength in the U.K .market but because it's a good way to bet on global stocks since 75% of its listings are not based in the U.K..
He's not keen on all stocks though. His fund recently pulled out of Brazil because it got "too hot," and he's neutral on emerging markets.