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

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