Cash is king, and caution is the watchword for mutual funds in the second half of the year."In talking to fund managers, their No. 1 priority is to be in cash. Getting 5.25% in money markets is the safest place to be during the summer," says Paul Mendelsohn, chief investment strategist at Windham Financial Services. "But if they can't be in cash, they're looking at large-caps." This focus on large-caps could be a big boost for names like Coca-Cola ( KO), Johnson & Johnson ( JNJ), General Mills ( GIS) and Colgate-Palmolive ( CL). Economic and geopolitical worries will pair with interest rate uncertainty to drive investors to big-name consumer cyclicals with fat yields, says Tom Roseen, a senior research analyst at Lipper. "These are the companies that can best handle interest rate increases and choppy market waters. Big companies have larger distribution channels, and they may not have to pass on price increases as energy prices rise," Roseen says. Uncertainty about the Federal Reserve's rate moves has been blamed for most of the market's recent volatility, but Mendelsohn and Roseen say geopolitics are also playing a big role. Most recently, Israel's military action in Lebanon and North Korea's long-range missile tests have worked alongside the ongoing troubles in Iraq to keep markets choppy, and there's little hope that there will be peace this summer. Domestically, an upcoming mid-term election should keep investors on their toes. "People are a little risk averse, so they want to get paid now. Receiving dividends on a regular basis is something they want to see, not just capital gains, but income distribution as well," says Roseen. With earnings season upon us, the capital that hasn't already fled to money market accounts could start moving to the big names that seem able to deliver steady growth. Roseen says investors will look for strong balance sheet tendencies and little debt, in addition to a decent yield.