Blackstone: Own Real Assets In A Growing Economy

10/11/17

With global markets continuing to trend higher, owning Blackstone (NYSE:BX) can get you access to real assets, which stand to benefit in such an expansionary environment. Since the financial crisis, the firm’s share price has trended steadily higher, but has seen acceleration as global growth prospects improve. Moreover, for investors concerned about generating income, Blackstone offers a variable dividend well above the S&P 500. Lastly, the company’s underlying assets continue to benefit from a strengthening global economy.

Price Action

Blackstone’s share price continues to trend higher, after pulling back a bit the past few years. Heightened global volatility and stagnant equity markets led the company’s performance to lag, as its share price nearly declined by 50% from early 2015 to late 2016. Now, however, with global economic expansion underway, as well as rising equity markets, Blackstone’s underlying holdings are beginning to pay off.

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