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.
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.
"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.
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Source: CNBC - 🏆 12. / 72 Read more »
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