Europe has fallen out of favor, Ranmore Fund Management's Peche said — and investors have been distracted by Donald Trump's U.S. election win. 'Maybe the euro falls apart, it probably doesn't. And the companies that we own are very attractively priced,' Peche told CNBC's Silvia Amaro.Investors should look to the unloved region of Europe for opportunities, according to fund manager Sean Peche, who said there are some 'very attractively priced' companies in the region.
Europe has fallen out of favor, Ranmore Fund Management's Peche told CNBC's Silvia Amaro — and investors have been distracted by Donald Trump's U.S.'At the same time as Europe's been struggling you've had this Trump euphoria,' Peche said. 'So everyone's been rushing to invest in the U.S. ... But running off to the latest, shiniest thing is not normally a good way to make money.'Macron called a snap election in June which delivered a result with no clear majority, sparking months of political chaos and gridlock. But Peche remains unfazed. 'Maybe the euro falls apart, it probably doesn't. And the companies that we own are very attractively priced,' he added.'Primark is doing really well. It's a nice, diversified business with great management team. I'm not going to wake up tomorrow and find that the management team has done something stupid,' he said. 'They're attractively priced. We're getting a nice dividend. They're buying back shares, but it's out of favor because it's a mid-cap and it's listed in the U.K.'With household brands such as Barbie and Hot Wheels under its umbrella, the toymaker has diversified beyond its core products. Mattel's management team has 'turned the business around such that debt is now very manageable, and they've launched The release of a new animated Barbie Netflix series in November and a second documentary series in September charting Mattel's rise gives the toymaker — currently valued around $6.2 billion — 'growth potential,' Peche sai
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