With the ASX sliding downwards over the past few weeks, many investors are no doubt wondering if they're over exposed, or perhaps quietly selling out of their riskier shareholdings to lock in a good price.
If this is you and you want to redirect money away from more speculative companies into more solid ones, look no further than Westfield Corp Ltd (ASX: WFD) and Scentre Group Ltd (ASX: SCG).
Formerly two arms of the same company, a recent restructure saw the two completely separated, with Westfield granted responsibility for all overseas operations, while Scentre Group operates the Australia and New Zealand portfolio.
Both have different appeals, with Westfield Corp trading at roughly double its Net Tangible Asset (NTA) value, but offering vital foreign currency exposure.
100% of Westfield's earnings come from the US and UK currencies, providing vital overseas earnings to balance the falling value of your Australian dollar.
Westfield actually denominates its earnings in US dollars now, which in addition to boosting your dividends, should provide the company more favourable opportunities in Europe thanks to the strengthening of the US dollar vs the Euro.
With a dividend of 4% and higher premium to NTA, Westfield is a little more expensive than Scentre Group, but is still a better investment than a term deposit.
Scentre Group on the other hand trades at a 16% premium to its net tangible assets – inevitable considering its blue chip status – and operates a number of shopping malls that many Australians would be familiar with.
Its main drawcards are consistent earnings, and a defensive nature thanks to prime locations, as well as an expected dividend yield of 6% at current prices.
