The search for yield intensified after ECB president Draghi indicated on 8 May that the central bank is willing to implement fresh monetary stimulus. 

## Dividend equities performing well this year 

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## Persisting interest in income generating assets 

One of the few investment themes of last year which also applies this year is the remarkably resilient search for yield among investors. In spite of a sharp change in investor behaviour in many markets, there is persisting interest in investments which yield some kind of income.
One major reason for this search is the relatively high degree of uncertainty hanging over the markets. Geopolitical tensions (Ukraine/Russia), the slowdown in growth and cracks in the financial system in China, fears about deflation in the Eurozone; many factors are contributing to investors’ yearning for relatively safe income-generating investments.
The search for yield intensified after ECB president Draghi indicated on 8 May that the central bank is willing to implement fresh measures aimed at pushing up inflation. The prospect of policy interest rates close to 0 and unconventional monetary policy are likely to keep downward pressure on European bond yields. 
Low or declining yields will boost real estate equities, chiefly due to the latter’s attractive dividend yields. When yield becomes increasingly scarce and therefore expensive, investments which offer a high yield are very popular among investors. This also explains the sound performance by (other) dividend stocks. 
In fixed income markets, the search for yield is contributing to emerging market debt once more becoming popular among investors. Also the downward trend in the yields on peripheral Eurozone government bonds is still in place.