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Asia-Pacific dividend stocks outperformed the broader market in Q4 2023, bucking trends in other regions. According to Morgan Stanley, in the fourth quarter of last year, the MSCI Asia Pacific (ex Japan) High Dividend Index outperformed the MSCI Asia Pacific (ex Japan) Index by 1.76%. “We note the growing defensive sentiment among Asian countries/[emerging market] Investors continue to favor outperforming high-quality dividend stocks, even as the Fed signals a potential policy shift and global financial conditions have begun to ease since November.” the Wall Street bank said in a Jan. 5 report. Morgan Stanley has created a screen for what it calls a “conviction list” for the Asia-Pacific region ex-Japan, with other prospects in 2024 as conditions such as lower interest rates bode well for stocks. They are also generally positive about high-dividend stocks in the region. We evaluate dividend stocks using the following criteria on a 12-month forward-looking basis: Most likely to outperform the MSCI Asia Pacific Japan High Dividend Index Least likely to announce a dividend cut According to Morgan Stanley analysts According to the valuation, the market capitalization with low risk of dividend cuts is over $2 billion. Here are some of the stocks that appeared on Morgan Stanley’s screen. —CNBC’s Michael Bloom contributed to this report.
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