VTB Capital sees opportunities in high-dividend stocks

At VTB Capital’s investment forum in Moscow last week, participants shared similar views on the weak outlook for the global economy. But, even against that backdrop, the general message seemed to be that investment opportunities can still be found.

Alexey Zabotkin, Moscow-based head of investment strategy and head of equities research at VTB Capital, said that the global economy is suffering from a protracted deleveraging. “That will mean low growth, low rates and low inflation until the banking system around the world is ready to restart the credit cycle again,” he told FinanceAsia in an interview on the sidelines of the forum. “It will probably take several more years.”...