German Stocks for a Falling Market

As economies around the world struggle, it's best to stay in defensive areas like health care, according to Markus Ratz, fund manager at Lupus Alpha.

Agriculture stocks are also attractive, Ratz told "European Closing Bell," singling out German fertilizer company K+S.

Ratz is underweight on the retail sector as weakening trends and slowing growth will put a strain on results.