An expected interest rate cut by the Federal Reserve later this month is pushing...
NEW YORK - An expected interest rate cut by the Federal Reserve later this month is pushing yield-oriented U.S. fund managers further afield in search of income at attractive prices.While nearly half of the companies in the S&P 500 have a higher dividend yield than the roughly 2.
Shares of Home Depot Inc yield 2.52% and are up nearly 25% year-to-date, as of Thursday’s market close, compared with a roughly 18% gain in the benchmark S&P 500 over the same period. The S&P 500 as a whole yields 2.38%. Other fund managers are rotating out of the bond market in search of income from equities, which they say appear to offer more sustainable sources of yield.
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