'Dividend aristocrats', EM bonds key strategies in 2020 for conservative investors: BNP Paribas
Singapore
WITH bond yields depressed and a moderate earnings recovery expected in 2020, BNP Paribas is advising conservative investors, who tend to allocate a bigger proportion of their portfolio to fixed income than equities, to accumulate "dividend aristocrats".
These developed-market stocks, which have increased payouts in each of the past 25 years, historically offer better-than-average risk/return compared to other equities.