Among those surveyed 48% of all RIAs and fee-based advisors looked to ETFs and alternative mutual funds as their number one solution in today’s volatile markets. Additionally, 60% of high earning advisors pointed to liquid alternatives.

ETF traders also have a number of liquid alternative strategies to choose from. For instance, the Direxion Daily S&P Biotech Bear 1X Shares (NYSEArca: LABS), Direxion Daily Financial Bear 1x Shares (NYSEArca: FAZZ) and Direxion Daily Energy Bear 1x Shares (NYSEArca: ERYY) provide inverse or -100% exposure to some of the more volatile areas of the market this year.

Related: ETF Traders Look Beyond Brexit to China Risk

LABS may be a good way for investors to hedge against further selling in the biotech sector as political rhetoric puts a spotlight on pharmaceutical treatment prices and the growth play sours. FAZZ could be used to hedge against the Brexit fallout and potentially extended low-rate environment, which could weigh on the financial sector. Any further concerns on global growth and oil prices could also help traders hedge against a weakening energy sector with ERYY.

Financial advisors who are interested in learning more about sector strategies can register for the Wednesday, June 29 webcast here.