The global market’s rocky ride has created a solid stock picking environment, but diversify across asset classes to protect your portfolio, advised George Boubouras, head of investment strategy and consulting at UBS Wealth Management.
“This short term volatility that we are seeing at the moment will persist some time into the future, into the September quarter, but there is great value out there,” he said on CNBC’s Protect Your Wealth.
Quality large caps in Australia have become deeply discounted, he said. Those on his radar included global miners BHP Billiton and Rio Tinto , Centennial Coal, Westfarmers and supermarket chain Woolworths.