For these reasons, real estate has
historically been attractive to investors looking to protect themselves from periods of inflation.
Not exact matches
European and US companies
are historically the largest
investors in Africa, but in recent years resource - rich African countries have become increasingly
attractive to Asian
investors, particularly from China.
When the economy
is expanding, earnings tend
to grow across the market and in such an environment,
investors historically could purchase value cyclical stocks at a much more
attractive price than evergreen growth stocks.
That
being said, even at today's
historically attractive valuation multiples,
investors should likely only expect
to earn a potential total annual return of about 5.9 %
to 6.9 % (1.9 % yield plus 4 %
to 5 % annual earnings growth) over the next decade, far below the company's historical return rate and the returns offered by most other dividend aristocrats.