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Kathleen Murphy, who runs Fidelity's personal investing division that handles about one-third of the company's $3.7 trillion in assets under administration, told Power Lunch she can't blame investors for becoming more conservative and staying out of stocks after the financial crisis in 2008 and 2009.
She said target funds, which shifts the percentage of stocks, bonds and cash as a person ages to a set retirement year, are a good strategy for people who don't feel confident in making their own asset allocation decisions.
But it's up to brokers and companies like Fidelity to do more to educate investors.
"They learned in a very concrete way how much risk they could stomach," she said of investors. "We need to do more. No question that people weren’t as prepared as they should be" during the downturn.
What about specific sectors? Energy is a hot one as the U.S. works to develop its own oil and natural gas to get off foreign imports. Mark Kiesel, manager of the five-star Pimco Investment Grade Corporate Bond Fund, told Street Signs the companies that have pipeline assets or large acreage positions in some of the big U.S. shale fields are going to profit from this increase in production.
That means Anadarko Petroleum , Plains All American Pipeline , Continental Energy and EOG Resources , he said.
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