This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Flight to Safety? Try These Mutual Funds




NEW YORK ( CNBC) -- As investors flee a falling U.S. stock market, two analyst say there are still safe companies out there and the best way to buy into them is through mutual funds.

Christopher Davis, senior mutual fund analyst at Morningstar, said Jensen Portfolio (JENIX) has outperformed in both bad and good markets because it invests in "best of breed companies," including United Technologies (UTX), PepsiCo (PEP) and 3M (MMM).

"They won't invest in any company that hasn't had a return on equity below 15 percent over the past 10 years," Davis said. "They're really looking for high-quality companies."

More from CNBC
Cashin: Stocks at 'Critical Levels' -- Brace for Further Selling
Profit From the Pullback? 20 Stocks to Watch
Recession Seen Looming as Jobless Benefits End

His other fund picks are FPA Crescent (FPACX), which holds bonds, cash, and stocks in a variety of areas including, health care, energy, and technology; and Manning & Napier (MNHYX).

Jed Laskowitz, head of distribution at JPMorgan Funds, said in the same interview that with investors fleeing stocks for bonds and gold, at "this point in the cycle it would be difficult to move into equities, yet this is the perfect time" to move into large-cap growth stocks, which he said are "very attractive right now."

His picks for mutual funds are Manning & Napier and JPMorgan's own large-cap growth fund.

CNBC is a world leader in business news, providing real-time financial market coverage and business information.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs