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For European stocks, dividends found in telcos, insurers, oil

Monday, October 17, 2016 - 05:50
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The top five holdings in Mr de Vries-Hippen's fund at end-August were reinsurer Munich Re; Luxembourg-based satellite owner SES; Royal Dutch Shell; Swiss telco Sunrise Communications; and British telco Vodafone.

Singapore

IN Europe, dividends are best sought in telcos, insurers and oil companies, said Jorg de Vries-Hippen, an Allianz Global Investors (AGI) fund manager who co-manages a 3.5 billion euro (S$5.4 billion) European equity dividend fund.

Mr de Vries-Hippen, who is AGI's chief