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Feeney sees companies leading the way back

BNY Mellon Asset Management head of distribution Paul Feeney believes companies rather than individual markets will lead the world out of global recession.

Feeney says that while some sectors may show signs of life before others it will ultimately come down to companies imp-roving balance sheets and dividends. He says: “I have said before that income will be at the heart of investing in 2009 as people look to move away from financial engineering and towards back to basics investment. It will be about companies offering stable and consistent dividend yields as well as strong balance sheets, attributes companies across the globe will look to achieve.”

Hargreaves Lansdown senior analyst Meera Patel says: “I agree that stable businesses will lead us out of recession but you cannot rule something like emerging markets out. If the demand for oil starts to rise, money may well start to flood in.”

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