Europe still favoured for yields and international firms

Singapore

EVEN as the possibility of a Greek default remains alive, Europe remains a buying opportunity due to its relatively high dividend yields and its international companies, a couple of fund managers have told The Business Times.

Dividend yields at 3.5 per cent are the highest among developed economies. European corporates get two-thirds of their earnings from outside the eurozone, and will get a boost from a weak euro, they said.