All posts in category: Dividends (3)

Income in Dollars, Please

Friday, April 17th, 2020

Time to look at European Energy equities

Generating an adequate income from euro-denominated bonds is next to impossible, so investors should abandon the attempt. They should embrace currency risk – not try to hedge it away. They should enjoy the fact that US dollar yields are structurally higher than those in the Eurozone. This means owning long-dated Treasuries and dollar-denominated EM sovereign bonds. Finally, they should consider the source currency of their equity dividends and take another look at the Energy sector.

Filed under: Categories: , , , , , ,
Synopses can be downloaded by subscribers holding a Harlyn All Access Pass
PURCHASE ALL ACCESS PASS
Already hold an All Access Pass? LOG IN

The Forgotten Country

Thursday, December 5th, 2019

Why does nobody like Japan? - continued

Behind the US, Japanese equities have the second-highest, risk-adjusted returns over the last 1, 3, 5 and 10 years. Over the last five years, they have generated the fastest EBIT and dividend growth. They have the lowest pay-out ratio of the major regions (therefore most potential for growth). They have been our preferred equity region since early October and, as of this week, are ranked #1 in our combined asset allocation model.

Filed under: Categories: , ,
Synopses can be downloaded by subscribers holding a Harlyn All Access Pass
PURCHASE ALL ACCESS PASS
Already hold an All Access Pass? LOG IN

Mind the Gap

Wednesday, September 28th, 2016

Eurozone bullishness not matched by the US

When Eurozone investors are a lot more bullish about global equities than their US counterparts, we start to get nervous. There are structural reasons for this behaviour, but it can be a sign that a correction in equity markets is on the way.

Filed under: Categories: , , , , ,
Synopses can be downloaded by subscribers holding a Harlyn All Access Pass
PURCHASE ALL ACCESS PASS
Already hold an All Access Pass? LOG IN