Updated: July 6, 2016
Since the salad days for stocks ended with the 2008 financial crisis, the new normal has been slower than average economic growth coupled with friendly (low) interest rates.
The financial world hasn’t returned to, well, normal due to some setbacks (Brexit most recently) and more headwinds (too much debt and bad demographics in developed economies). Post-Brexit, the “smart money” is now wagering that interest rates are all-but-certain to stay low for longer (til 2018, at least).
In a world where growth and yield remain scarce, assets that provide one or the other will be in hot demand. And how about stocks that provide both?… Read more