It has been a risky yr for each shares and bonds, with main Wall Road indexes simply ending their worst month since March 2020 , and Treasury yields remaining elevated. For David Dietze, chief funding strategist at Level View Wealth Administration, it is significantly noteworthy that the yr has supplied “nearly no protected haven in any respect.” That mentioned, pockets of alternative nonetheless exist, based on Dietze. “Quick time period defensive measures most likely are warranted. I personally like short-dated company bonds, that are yielding shut to five%,” he instructed CNBC’s “Road Indicators Asia” on Monday. He famous that this compares favorably to each the earnings yield on shares and their dividends. Dietze mentioned one technique to get invested within the house was by way of an exchange-traded fund, naming the iShares iBoxx $ Funding Grade Company Bond ETF particularly. “[It] can be a really fast, handy technique to diversify your cash over a variety of highly-rated company bonds. And that method, it is … a brief time period defensive transfer. You are not, , taking an opportunity with any single bang,” he mentioned. The ETF has a mean yield to maturity of 5.72%, as of Sept. 29, based on its factsheet. That is the common fee of return assuming an investor holds the fund till its maturity date. The ETF’s 12-month trailing yield – the yield traders obtain in the event that they held the fund for the final 12 months – is at 3.07%. The fund has greater than 2,400 holdings. These are the highest 10 issuers of bonds within the ETF: The bulk issuers within the fund are from the banking sector (24.49%), non-cyclical client (17.26%), communications (12.72%), and expertise sectors (12.29%). Inventory picks If traders are nonetheless taken with shares, Dietze says that some vitality and cyclical shares nonetheless regarded interesting. He famous that vitality shares may benefit from geopolitical dangers, and cyclical shares —together with house builder and auto-related firms — might do nicely “upon the primary signal of much less hawkishness by the Federal Reserve.” His prime picks embody ExxonMobil , American automotive retailer AutoNation , and transferring and storage companies agency Amerco .