What can an investor do?
“We’re finding individual companies that we do like all around the world, in America, in emerging markets,” said Kashkari, who did not name them.
“We’re being very selective,” looking for companies at attractive prices that are dividend payers and have strong balance sheets, he said, because “we still see a lot of downside risk. All the risk have not been taken off the table yet.”
The Pimco executive said Apple’s move to offer a dividend and buy back shares makes the company more attractive to him because “we definitely like dividend-paying stocks and companies committed to growing their dividend over time.”
Kashkari said he will be waiting to see how committed Apple is to growing the dividend.
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Disclosure information was not available for Neel Kashkari or his company.