Buy these blue chip stocks going cheap

Buy firms with long-term business models to withstand short-term headwinds. Professional investor Ben Ritchie tips three to buy now.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week: Ben Ritchie, deputy manager, Dunedin Income Growth Investment Trust.

The past year has been a strange one for UK equities. After a bumper 2013, the stockmarket is down so far this year. Yet ironically some 70% of the stocks in the FTSE 100 have actually produced positive total returns (ie, including dividend payouts).

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Ben Ritchie is a senior investment manager at Aberdeen Asset Management.