News Formal

Where this BlackRock global CIO sees opportunity for income in 'new era' for stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 72%

Investment Strategy Nyheter

Stock Markets,Blackrock Equity Dividend Fund Investor A Shares,CVS Health Corp

BlackRock's Tony DeSpirito, who manages the BlackRock Equity Dividend fund, looks for income, value and quality when picking stocks.

When BlackRock's Tony DeSpirito searches for dividend-paying stocks for the firm's flagship equity fund, he is also paying attention to quality and value. That will come in handy in what he calls the market's "new era," now underway. It will be marked by bouts of volatility and greater differentiation between individual equities, he said in an interview with CNBC.

These days, DeSpirito sees the best opportunity in health-care stocks. The fund's largest health-care holding is CVS Health , which makes up 2.46% of the portfolio as of July 31, according to Morningstar. Cardinal Health is its second-largest health-care holding at 2.1%. The industry is facing a good macro backdrop, he explained. "As we age, we consume a disproportionate amount of health care, and we're aging as a society ," he said.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Where BlackRock's Rick Rieder sees income opportunity amid the market volatilityBlackRock CIO Rick Rieder said these assets have attractive yields and solid fundamentals.
Källa: CNBC - 🏆 12. / 72 Läs mer »

'Cheap' and 'under-owned': CIO makes the case for UK stocks despite U.S. bounce backU.K. stocks look particularly attractive after a fresh bout of market volatility, according to the chief investment officer of financial firm Wren Sterling.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Market sell-off won't last as there's no tech bubble to burst, CIO says'I just don't see a tech bubble. Yes, a few stocks have done well, and they have done well on earnings that they have delivered.'
Källa: CNBC - 🏆 12. / 72 Läs mer »