Watts added, "With continuing low interest rates, there is less incentive for companies to hoard cash. So companies with healthy balance sheets are more likely to acquire market share, talent, intellectual property and new products."
Notes to Editors:
The Boston Company Asset Management, LLC, a BNY Mellon Investment Management boutique, provides investment management services for corporate, public, mutual funds and union sponsored and jointly trusteed retirement plans, endowments and foundations.
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