Central bank support for credit markets may help them outperform equities

Recently we have had Sanofi, BMW and Danone all pay or announce their dividends. RDS paid its reduced dividend; and then we switched our holding into Total, which has held its dividend steady.  Credit update: How 'fast and furious' fiscal policies are moving markets Most of our stocks have now gone ex-dividend or confirmed they are paying; so we are not expecting any surprises. The equities we own still yield a decent 5.2%, despite a run-up on stocks since the lows in March. But we are not looking to add to our overall exposure. That is because, given the extraordinary support from...