That was exacerbated as interest rates went up," Aaron Dunn, portfolio manager at Morgan Stanley's U.S. Value Fund, told CNBC's "Street Signs Asia" on Friday.
When pressed on what stocks make good plays, Dunn responded with four names, adding: "There's a lot of opportunities out there to pick up really good companies on the cheap."
It made up 2.4% of his U.S. Value Fund as of Oct. 31.
Dollar Tree Elsewhere, the value investor is bullish on value store, Dollar Tree , which made up almost 3% of the U.S. Value Fund holdings, as of Oct. 31.
Year-to-date shares are now up nearly 1% but this is " well under its intrinsic value," Dunn said.
Persons:
—, Aaron Dunn, CNBC's, Dunn, Morgan Stanley, – they've, Clorox
Organizations:
Morgan, Value, Agricultural, FMC Corporation, . Value, FMC, Alcoa Corp Aluminum, Alcoa, . Value Fund
Locations:
Morgan Stanley's, Alcoa, China