Mr. Mengel has been trimming positions in mining companies and putting the proceeds to work in sectors that feature "more stable earnings, less volatility and less economic sensitivity".
Financial instruments linked to infrastructure are typically hedged against inflation and offer stable returns, with low volatility and little correlation with other asset classes.
European banks and insurers, anxious to appear stable, argue that such volatility is "artificial" and misleading, because it ties day-to-day fluctuations in markets to their long-term businesses.
Implied volatility is stable at 60% Tuesday.
Kraft is traditionally a stable stock with historic volatility of just 13.7%.
Japanese PM Shinzo Abe says his win in Sunday's upper house elections will help him form a stable cabinet, ending political volatility.
It makes for more stable schools and less economic volatility.
Governments need to deter oil speculators, set aside reserves of crude oil and take steps urgently to reduce their dependence on fossil fuels in order to escape price volatility that undermines stable economic growth, according to a report co-authored by one of Britain's top scientists.
Investors thrive on low volatility and a stable environment.
Goldfarb: The volatility, lack of stable cash dividends and leverage seemingly could counter the strengths.
