ETF Trends Editor Tom Lydon speaks with BlackRock’s iShares Global Chief Investment Strategist, Russ Koesterich, about the looming U.S. fiscal cliff and the potential negative fallout for the all-important consumer sector. Koesterich doesn’t think the risks of going over the fiscal cliff are reflected in the stock market because most investors think there will be a last-minute compromise in Washington.

The iShares strategist recommends investors get defensive with low-volatility ETFs that cushion downside risk. He also thinks investors should reduce their overweight to U.S. stocks and look overseas for dividend yield.

Watch the video to see the full interview.

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