American Century: Ride Out Volatilty With Diversified Portfolio

Investors should remain diversified and conservative in the face of elevated volatility in coming months, said David MacEwen, Co-Chief Investment Officer for American Century Investments. MacEwen said the Federal Reserve's decision to wind down its bond buying will continue to roil the market, even as the US economy improves. He advised investors not to stretch for yield and opt for high quality value stocks. MacEwen said the stronger dollar will hurt multi-national earnings, but it won't kill economic growth. Finally, he said lower oil prices are not a sign of a troubled economy and will benefit consumers and holiday sales.