Both the S&P 500 and the Dow Jones snapped a multi-month winning streak in August as investors grew jittery of a potential rate hike by the U.S. Federal Reserve, but one investment expert told CNBC that there are few attractive alternatives.
"If on Friday everything turns around and instead of 200,000-250,000 (jobs created) you get 150,000 or below then people will start to ask questions like: 'OK, have we seen the best of it now?' But even in that context when you look around the world, where else do you want to be?," Geoffrey Yu, head of U.K. investment office at UBS Wealth Management told CNBC Thursday.
He advised investors to remain diversified if they were worried about the S&P 500 declining.
"The Fed still looks on course (to gradually increase interest rates) and I think there's a gradual acceptance that that might not be a bad thing for the world, so good news is actually good news (for investors) but our mantra is still: stay diversified, stay protected as well," Yu added.