7. Japan

Japanese stocks still haven't fully recovered from last year's downfall after the devastating earthquake and tsunami. People are holding back their stocks, fearing another financial crisis.

But Hunt, of Tocqueville International Value Fund, says “investors are overly worried about these risks”, so he has taken risk of purchasing Japanese stocks. “China and the U.S. are not as bad as they seem and the yen should weaken, making Japanese companies more competitive,” he adds.

Two companies he likes are Hitachi and Canon. Under a new CEO, Hitachi is overcoming from a weaker business under a new CEO and is also cutting costs and these are positively boosting its profit margins. “It's a very complicated company, so a lot of people don't try to understand it,” he says. As a result, the stocks look cheap but have patentability of doubling in two years.

Along with Hunt's fund, which has a good record, you can also get exposure to Japan through the iShares MSCI Japan Index Fund.