Regular dividends driven by steady income streams have kept US financial stocks on the buy-list for ...
Regular dividends driven by steady income streams have kept US financial stocks on the buy-list for managers of North American funds during the market downturn. M&G fund manager and financial sector specialist David Jane notes that valuations in the sector are 'exceptionally attractive' in many cases, in both absolute and relative terms. 'The critical point is that management quality is quite high, there are not huge credit quality concerns, the companies earn good cashflows which pay real dividends and, as long as that's the case, you can make a good argument for the sector in abso...
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