One of the most successful European stock strategies since the financial crisis is unwinding. An index compiled by Morgan Stanley that tracks companies with high and sustainable dividends hasn’t fared this badly versus the Stoxx Europe 600 Index since at least January 2013. The gauge, whose members include drugmaker Sanofi and network-equipment maker Ericsson AB, has tumbled 13 percent this year, more than twice as much as the regional benchmark. To read more, click here.
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