Who Needs All This Political Worry? This Pro Says Invest Outside The US

A new day, a new political scandal adding pressure to U.S. stocks. But who needs to worry about what President Donald Trump will say next or who he will fire? Investors looking to hedge their positions against the political landscape should look global, that's who — at least according to Ben Beneche of AMG Pictet International Fund.

Speaking as a guest on CNBC's "Squawk Box" segment Wednesday, Beneche pointed out an overlooked fact many American investors tend to forget: Investment opportunities exist outside of the U.S. borders.

One of Beneche's top global picks is Sony Corp (ADR) SNE. The Japan-based company has "dramatically" changed over the past few years from operating divisions that deliver losses in mobile, PC and TV to now making profits in "great" franchises such as PlayStation and music with plenty of secular drivers ahead.

In fact, the company is guided toward 500 billion yen of operating profit, which implies a 16-17x multiple on earnings which makes the stock still attractive despite a 44 percent return over the past year.

Amazon Of China

Beneche also likes JD.Com Inc(ADR) JD which he described as being the "Amazon.com, Inc. AMZN of China." He argued JD is the second largest player in the Chinese online market, but at the same time, its business model is similar to that of Amazon.

Beneche explained that JD, similar to Amazon, is building its own logistic centers across the country and the company owns its inventory which better allows it to offer quicker delivery and keep counterfeit goods off its selling network.

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