KKR likes dividend growth stocks, global credit, real assets in 2012
KKR Global Macro and Asset Allocation is recommending being overweight credit-related fixed income and real assets (including gold, real estate and commodities) in 2012. Despite its recommendation to be slightly underweight global equities, KKR recommends emphasizing income through a mixture of dividend growth stocks, along with global credit. Real assets, the firm says, could achieve strong capital appreciation should a low-inflation environment persist despite monetary stimulus in the U.S., U.K. and the rest of Europe.
