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The markets will be facing volatility for the rest of year, so it's time for investors to stack their portfolios with defensive plays, money manger James Bevan told CNBC Friday.
"I think investors who think we're about to go back to the quiet times had better wake up and pay attention," James Bevan, chief investment officer at CCLA Investment Management, said on "Worldwide Exchange."
Those in the market should look for companies with quality balance sheets, good ratios of free cash flow to stock price and those capable of increasing their dividends, Bevan said.
"One of the good things about the equity selloffs is that the good stocks are being dragged down with the not-so-good" providing some good buying opportunities, he added.
Danone, Procter & Gamble [PG
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] , Pepsico [PEP
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] and H.J. Heinz[HNZ
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] , all have global franchises and strong balance sheets, Bevan said.
Investor should also hold relatively high cash balances and short-dated bonds, he added.





