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
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV