NEW YORK (TheStreet) -- Shares of Akzo Nobel (AKZOY) have been flat this year due to slower sales in China, but Dale Winner, portfolio manager for the Wells Fargo Advantage International Equity Fund (WFENX) - Get Report , said the Dutch coatings manufacturer will paint a prettier profit picture in coming months.
"The majority of its sales are domestic in Europe, so it is benefiting from the beginning of a recovery economically, and that's more than offsetting any slowness which is temporary in China," said Winner, adding that lower titanium dioxide costs will also help Akzo Nobel's profit margins going forward.
The Wells Fargo Advantage International Equity Fund is up 4.7% so far this year, according to fund-tracker Morningstar. The $405 million fund sports a trailing 12 month yield of 4.8%.
Winner is also bullish on shares of Mitsubishi UFJ Financial Group (MTU) , which have risen over 13% so far this year.
"We are looking at domestic reflation plays and MUFJ is one of those," said Winner. "It is one of the largest banks in Japan and it is still undervalued at a discount to book."
French building material-maker Compagnie de Saint-Gobain is another one of Winner's top picks. The company's shares have risen almost 12% on the Paris exchange thus far in 2015 due to the weak euro and the recovering European economy.
"We are now seeing stabilization in housing transactions in France and across Europe and this company will be a big beneficiary of the return of the housing market and the economic recovery in Europe over the next one to three years," said Winner.
Finally, Winner sees China Everbright as a big winner in the stock market even though China's overall economy is slowing. He said the financial services company is benefiting from the opening of the Chinese financial markets.
"The bigger drivers of that stock price are the continued structural reforms, the continued deregulation of the financial markets rather than the temporary slowdown on the manufacturing side of the Chinese economy," said Winner.