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After what has felt like an interminable period of time, it looks as though Greece is finally set to leave the single currency. This could potentially spark a raft of exits, but the truth is no one knows. One thing we do know for sure is that the mere mention of more departures has thrown global equity markets into panic.
The question, though, is what to do with your investments? You could stay in defensive mode, but the sell-off has brought with it many opportunities. This may tempt the mavericks among you to start shopping around for a bargain, wanting to get in at the absolute bottom of the market.
This, though, is an extremely tough game to play, and we recommend drip-feeding your money in over the next six to 12 months to avoid missing the absolute bottom.
Emerging markets have taken a big hit, and Asia is somewhere that I'm extremely drawn to for a number of reasons. It has massive diversity, strong population growth and in India and China two very large and rapidly growing economies.
Its long-term performance is good, but not flashy, and the manager has recently adjusted the portfolio to make it more insulated from Western woes, focusing instead on the strength of the Asia Pacific region. Go for this if you believe in Asia and its rapidly growing domestic consumption story.
Our Citywire Selection picks are based on our totally impartial analysis of the funds and managers we believe have established the best track records, operate the best investment strategies and offer the best potential for investors.