Bank of the West Wealth Favors Large-Cap Dividend Stocks

-Bank of the West’s Wealth Management Group today released its 2012 investment outlook, recommending portfolio overweighting in U.S. large capitalization dividend paying equities and emerging and frontier markets. “We are cautiously optimistic on the U.S. economy for 2012 and believe market fears of a double-dip recession have faded. Our expectation is for relatively slow growth in the first half of the year for the United States, followed by improved momentum as the year progresses, with GDP growth in a range of 1.5 to 2 percent for the full calendar year,” said Don Silva, head of Investment Advisory & Management for Bank of the West’s Wealth Management Group.

The United States’ accommodative monetary policy, improving consumer trends and strong corporate balance sheets provide a foundation for improved results at U.S. large-capitalization companies, particularly those that pay dividends, according to Wade Balliet, director of equities for the bank’s Wealth Management Investment Advisory & Management team.

Source: EON

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