Q: I respect the opinion of David Rosenberg at GS as an astute macro economic observer. He is quoted in the National Post saying "Eurozone financials, meanwhile, are much cheaper after severely lagging in 2014. As a result, the strategist thinks the group has more upside potential than downside risk since some trade at single-digit multiples.
He also pointed out that European stocks as a whole offer a 3.7% dividend yield, compared to below-60-basis-point yields on German 10-year bunds.
“The ECB has no choice but to get more aggressive so the euro remains vulnerable, but that should be positive for large cap exporters,” Mr. Rosenberg said.
It's hard to believe European stocks as a whole offer a 3.7% dividend, so he may be referring to Eurozone financials here. What ETF or other way of investing would you suggest if one wanted to follow his advice to get this kind of yield? Thanks, J.
He also pointed out that European stocks as a whole offer a 3.7% dividend yield, compared to below-60-basis-point yields on German 10-year bunds.
“The ECB has no choice but to get more aggressive so the euro remains vulnerable, but that should be positive for large cap exporters,” Mr. Rosenberg said.
It's hard to believe European stocks as a whole offer a 3.7% dividend, so he may be referring to Eurozone financials here. What ETF or other way of investing would you suggest if one wanted to follow his advice to get this kind of yield? Thanks, J.
