Investors can control risk factors by investing in managed exchange-traded funds (ETFs), said Carrie Coghill Kuntz, president and co-founder of D.B. Root & Co.

“Clients are very concerned about managing risk after what the markets have been through in the past nine months,” Kuntz told CNBC. “So with ETFs, and by managing ETFs properly, you can set stop-loss orders or you can set 'buy-stocks' if you see a trend forming.”