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Royce Dividend Value Fund Manager Jay Kaplan on the opportunities in the markets despite the negative news bombarding investors.
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For get the headline noise and we've -- -- a lot of headlines today we know that but now what's the time to make money and he is here is the manager of Royce value dividend fund.
And tell us how do we make money when you have Bernanke saying maybe maybe not you've got Spain downgraded and you've got a lot of question marks question marks panic.
Low valuations.
Money leaving stocks going to bonds.
And commute 2% yield for ten years why -- I want that -- get one to 3% dividends with companies that grow.
And if I put him away like we do it Royce three to five years from now some of these companies to make a lot of money do you -- small caps large caps.
Well I'm biased because and in the small cap business and I think he can make money in all equities but if you.
Look at the higher quality companies which is what we try to focus on today the high quality small cap companies are less expensive than the high quality large cap companies and you buy them if you guys you want high quality care absolutely.
You're going to be naming some names coming up in just a minute but.
Look your -- fund over the past three years up 14% although year to date and Europe for years -- -- the acetate what's going on but it's it's really tricky out there we talk about quality of those quality stocks are lagging.
The market has been buying defensive stocks lower quality stocks and we think there's an opportunity coming hold on for the high quality and.
