Investors could benefit from backing real estate investment trusts (REITs), or companies that own or finance income-producing real estate, according to John Traynor, senior vice president and chief investment officer with People's United Bank, and Michael Binger, Gradient Investments senior portfolio manager.
Specifically, Traynor thinks that Vanguard REIT ETF, an exchange-traded fund that invests in real estate investment trusts, is a safe bet.
"We think you could see about 8 percent growth in cash flow next year, which makes [REITs] fairly attractive," he told CNBC's "Power Lunch."
REITs may offer some safe investment opportunities, but this would only work if interest rates don't spike higher, he said.
But Traynor doesn't think the Fed is going to "increase rates too much this year or even into next year." The Fed not dramatically hiking rates would mean "a stable 10-year Treasury" yield, which he notes is a good benchmark for REITs.
Omega Healthcare REIT, which finances health-care industry real estate, could also be a safe investment, according to Binger.