Shares of Royal Dutch Shell (RDS.A) are up 14% thus far in 2016, benefiting from the rise in commodity prices as it restructures itself in the wake of its purchase of liquefied natural gas giant BG Group (BP) . Charles Price, product specialist on the ASTON/Pictet International Fund (APCTX), said he is bullish on the combined company's prospects.
"BG and Royal Dutch Shell make that entity the biggest player in LNG in the world and the lowest cost producer in the world," said Price. "And at a time of low energy prices we think that strategic fit and what it does for the company's cash generation over the next few years is actually a very attractive prospect."
The ASTON/Pictet International Fund is up 2.7% thus far in 2016, according to Morningstar. The $934 million fund is down 2.4% in the past 12 months, outpacing 90% of its Morningstar rivals in the foreign large-cap blend category. The fund sports a trailing 12-month yield of 0.45%, according to Morningstar.
Price is also bullish on Netherlands-based chipmaker ASML (ASML) , which has seen its shares rise over 14% year-to-date.
"That company is going to be a unique asset for a portfolio manager to hold," said Price. "In the next generation of lithography it's going to have tools which it supplies to the major microchip manufacturers in the world."
France-based Vinci (VCISY) is another one of Price's favorite companies. The toll-taking and concession company has seen its shares rise 17% thus far in 2016 and Price expects further gains ahead.
"The contracts they have are with the French government and they are guaranteed a minimum return," said Price. "The upside in their investment case is based on the cyclical recovery which we are beginning to see come through in Europe."
Finally, Price is a fan of London-based BBA Aviation (BBAVY) which provides aviation support and aftermarket services worldwide.