This Amundi Investment Institute report explores the evolving dynamics of shareholder remuneration—particularly buybacks and dividends—across the US, Europe, and Japan, assessing their impact on capital allocation and long-term investment trends.
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Europe now leads developed markets in combined dividend and buyback yields, with valuations and market concentration risks supporting its equity appeal.
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Despite criticism, no evidence suggests buybacks have displaced corporate investment; in fact, R&D spending has risen in the US alongside high payout rates.
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Japan shows a rare balance: rising shareholder returns without compromising its strong capex and R&D commitment.
How can investors capitalize on Europe's shareholder-friendly shift amid global valuation disparities? Discover key signals and strategic implications in the full report.
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