Fund manager Anton Tagliaferro from Investors Mutual is one of Australia’s most well-known investors and has the investment track record to back it up.

The company’s Australian Share Fund has delivered returns of 11.4% since inception in June 1998, beating the benchmark S&P/ASX 300 Accumulation Index by 2.8% annually. $10,000 invested in the fund at inception would now be worth more than $68,000 – compared to around $43,000 in the index.

The Australian Share Fund has been defensively positioned for some time now – focusing on quality industrial companies that can grow earnings via acquisitions, restructuring, new products, contracted growth and growing market share.

According to Investors Mutual, the recent volatility provided some “excellent opportunities” to add to the fund’s existing positions in companies like AGL Energy Ltd (ASX: AGL), National Australia Bank Ltd (ASX: NAB), Suncorp Group Ltd (ASX: SUN) and Ansell Limited (ASX: ANN).

AGL Energy is one of Australia’s largest power generators and also has a strong retail energy business. AGL Energy’s share price dipped as low as $18.13 last week when the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) fell more than 3%. Shares are now trading at $19.29 and may still offer an opportunity.

NAB saw its share price sink as low as $23.90 on Monday this week from above $26 earlier this month. The share price is also down heavily from its 52-week high of $34.90. At the current price of $25.43, NAB is offering a huge dividend yield of 7.8% fully franked.

Suncorp, the banking and insurance group that owns brands such as AAMI, APIA and GIO saw its share price dip as low as $11.61 on Monday but has recovered somewhat since. At the current share price of $12.18, Suncorp is offering a trailing dividend yield of 5.6% fully franked too, although this year’s dividend has dropped compared to the previous year.

Rubber gloves and condoms maker Ansell saw its share price dip under $18 in recent days, and the share price is still down 5% in the past month. Given the defensive nature of its products (Hospitals will still buy protective gloves no matter what the economy is doing), Ansell could be a worthy addition to your portfolio at these prices.

Foolish takeaway

For investors taking a long-term view, those 4 stocks could be an opportunity.

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Motley Fool writer/analyst Mike King doesn't own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.