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."
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