Animal Spirits Podcast Talk Your Book: Where to Find Higher Dividend Yields
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Jun 9, 2025 Join Todd Mathias, Head of U.S. Product Strategy & Development at Franklin Templeton, as he dives into the world of investments. He discusses the shifting perceptions of emerging markets and the skepticism surrounding the sustainability of international stock growth. The conversation highlights the importance of global diversification and the impact of currency fluctuations. Todd sheds light on US economic resilience, mega-cap tech stocks, and attractive high-yield dividend opportunities abroad, especially in markets like India and China.
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US vs International Market Dynamics
- US markets have tech-heavy, high-quality companies with strong cash flows.
- International markets comprise sectors like healthcare, manufacturing, and finance, offering diversification benefits.
US Growth Driven by Mega Caps
- Excluding the biggest US companies, European earnings growth parallels US growth.
- The US market's top firms like Nvidia and Apple drive much of the growth advantage.
Currency's Impact on Returns
- Currency fluctuations significantly impact international investment returns.
- Over long-term horizons, currency effects typically balance out, adding volatility but no persistent advantage.