International tobacco is the way to go for investors who want to keep their money safe in this volatile economy, says Charles Norton, co-portfolio manager at Vice Fund.

Michael Probst / AP

“We’re focused on sectors that have the potential to do very well regardless of economic conditions,” said Norton. The international tobacco industry represents one of many sectors.

“[The tobacco sector is] internationally a great business -- not at all the same type of environment that we are seeing in the U.S.,” he said.

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Philip Morris International

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[PM  Loading...      ()   ] -- “They have broad geographic exposure -- fantastic first-rate management team, they’re buying back stock, they have a pristine balance sheet, and they have a long-term relationship with China that could amount to something very significant over the next five to seven years.”

British American Tobacco

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[BTI  Loading...      ()   ] -- “We like companies that are focused globally... Especially in the emerging markets, we’re still seeing consumers trading up to these international brands.”

Disclosure:

Charles Norton’s company holds shares in Philip Morris International and British American Tobacco.

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