Stocks that were top on list for dividend paying stocks 2015 took a nose dive last month. Power and gas posted another major drop since the past financial crisis. That’s even though every other sector of the market made a record high in last month.
Managers who are taking care of many such dividend-focused mutual funds alerts investors for more up and downs in coming months.
They have considered last month as a sneak preview of volatility that was in store as after many talks and debates interest rates finally climbed, and managers of dividend-focused funds have to change their playbook in anticipation.