Morgan Stanley has produced a 'conviction list' of dividend stocks in Asia.
Investing at a time of high interest rates and macroeconomic uncertainty — is no mean feat. The uncertainty has led Morgan Stanley to reiterate its recommendation to buy dividend stocks. The investment bank noted that the MSCI Asia Pacific ex-Japan High Dividend Index has slightly underperformed the MSCI Asia Pacific ex-Japan index in the second quarter of the year, albeit by only 0.34 percentage points. However, the analysts see more potential going forward.
" For the Asia-Pacific ex-Japan region, the Wall Street bank produced a screen of what it called its "conviction list" of dividend stocks, using these criteria on a 12-month forward-looking basis: Likely to outperform the MSCI Asia Pacific ex-Japan High Dividend Index; Least likely to announce dividend cuts; Low risk of having dividend cuts, as rated by industry analysts; Market cap of over $2 billion.
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