Investors should stay away from overvalued U.S. stocks in 2025, fund manager Sean Peche has cautioned.
The value investor at Ranmore Fund Management told CNBC's Silvia Amaro on CNBC Pro Talks about where he sees undervalued stocks and opportunities, especially now the U.S. Federal Reserve has cut interest rates.
Pesh highlighted his fund's holdings, including , , , and as value plays. He also revealed that these funds were overweight toward stocks in Hong Kong over the United States. Peche, who set up Ranmore Fund Management in 2008, also shared some of the worst trades of the year, as well as his most successful yet.
Ranmore Global Equity Fund's top sectors include consumer discretionary (24%), financials (22%), and industrials (10%). Only 3% of the fund is in tech, and 6% in communications. Its biggest holdings are in French supermarket chain , petroleum company , China tech giants and , and Dutch bank .
As of Aug. 31, the Ranmore Global Equity Fund has returned 21.6% over the last year, underperforming its benchmark MSCI World Index's 24.
4%. Since inception, the fund has gained 10.9% on an annualized basis, slightly more than the 10.
6% posted by its MSCI benchmark..