While the financial sector looks gloomy as Lehman Brothers continues its search to find a suitor, there are still attractive companies in the sector, Wouter Weijand, chief investment officer for high income equity of Fortis Investments, told CNBC Friday.
Qatar's Doha Bank, French insurance heavyweight AXA and U.S. bank People's United Financial are the best bets, Weijand said.
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Doha Bank has a strong market share and a strong margin position, Weijand pointed out, adding that the Middle Eastern bank is expanding in Kuwait and Oman.
"They are just way too cheap and that's why we want to pick this stock," Weijand told "Worldwide Exchange."
AXA is also attractive a current levels after recent selloffs, Weijand said. Investors should look to their "great" second-quarter results and exposure to emerging markets, he added.