ASX: BHP, CSL, ANZ, CBA and other stocks fund managers would buy in another rout

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More wild market swings are predicted in coming months by some experts. We asked fund managers where they see opportunity.

Already a subscriber?″The time to buy is when there’s blood on the streets” is one of investing’s best-known sayings. It is attributed to Baron Rothschild, an 18th-century British nobleman who is said to have made a fortune when fortune buying in the panic that followed the Battle of Waterloo against Napoleon.

All the important caveats apply. Stick to your investment strategy and, as the fundies note, these are point-in-time comments and the underlying reasons for share price falls should always be considered.Tim Sullivan, director at Integro Private WealthAdvertisement “Historically, these sorts of periods have been accompanied by softer wealth platform flows, negative earnings revisions and selling by shorter-term investors,” he says.

“In these periods of volatility, we often find that focusing on fundamentals and keeping perspective on our long-term investment horizon, allows us to zig when the market zags and not let a good crisis go to waste.” “The lean cost structure, high margins and pristine balance sheet at Pro Medicus also widens the margin of safety on offer.”Katie Hudson, head of Australian equities research at Yarra Capital

Customers also face high switching costs, due to the “mission-critical” nature of its products, which come with huge consequences for failure. There are 19 companies on the “short shopping list” of quality businesses that he says satisfy these conditions. They are: BHP, Brambles, CAR Group, Cochlear, CSL, Fisher & Paykel, Goodman Group, Hub24, James Hardie, Lovisa, Megaport, Netwealth, Pro Medicus, Qube, REA, TechnologyOne, Webjet, WiseTech and Xero.Scott Rundell, chief investment officer at Mutual LimitedRundell says if he’s buying at a discount, he likes Australian bank stocks. “Good ole’ boring, blue-chip big four bank stocks.

The last thing an investor should do is panic and sell at the market bottom, he says. It’s better to reassess your objectives and ensure you have a diversified portfolio.

 

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