"Economic growth is generally better overseas, and the markets have more attractive valuations," she said.

Such funds keep half their portfolios in stocks, usually chosen because of attractive valuations.

Increasingly attractive valuations in the stock market contrast with poor returns available from bank deposits, says asset manager.

"There are especially attractive valuations in Latin America right now," he said.

But not all service companies should be avoided, and the technology stock sell-off may have provided relatively attractive valuations, money managers said.

A. We like companies with three attributes: good production growth, strong management and attractive valuations.

For a quality company with decades of reserves, much of which has a low sulfur content, that is a very attractive valuation.

Buying companies at attractive valuations, then waiting for their rebound is the core of his approach.

"Privatized companies usually come out at attractive valuations because there's an awful lot to sell," he said.

It aims to identify high quality companies in hope of making purchases at reasonable to attractive valuations.