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Reap steady happiness! DAMO announces new list of US stock dividend aristocrats
The Zhitong Finance app learned that Morgan Stanley has adjusted its global dividend investment portfolio. The bank added Rio Tinto (RIO.US) and Smith & Nephew (SNN.US), excluding Amgen (AMGN.US) and iShares MSCI Hong Kong ETF (EWH.US). Kevin Demers, strategist at Morgan Stanley, said: “We are adding Rio Tinto shares for three reasons: China is likely to announce a stimulus plan, which should support commodity demand; Rio Tinto has a first-class balance sheet and underestimated profitability; Rio Tinto