Advisory Research

Select Dividend Q3 2024 Investor Letter

by Advisory Research on October 28, 2024

Fade the Chattering Class Hard landing, recessions, elections, geopolitics… the Chattering Class always has a reason to be bearish. Risk sentiment is surprisingly neutral at best. Investors are positioned defensively and margin debt – a key ingredient for any bubble - remains low. We …

Strategies: Select Dividend

Select Dividend Q2 2024 Investor Letter

by Advisory Research on August 13, 2024

A Late Summer Storm Just as European bankers sat down for their Aperol Spritz in St Tropez, the markets decided to interrupt the idyllic August summer holidays. The catalyst was likely technical in nature – the unwinding of a crowded Yen carry trade combined with one bad macro print. …

Strategies: Select Dividend

Investment Philosophy

by Advisory Research on June 26, 2024

JUNE 2024 - Select Dividend In the following clip, Select Dividend Portfolio Manager Michael Valentinas provides a high-level description of the investment team’s philosophy and their implementation of objectivity.

Strategies: Select Dividend

How are we Thinking About Inflation?

by Advisory Research on June 20, 2024

JUNE 2024 - Select Dividend In the following clip, Select Dividend Portfolio Manager Adam Steffanus discusses sticky inflation, the origins of the 2% target, and the potential for a higher Federal Reserve inflation target.

Strategies: Select Dividend

The Dominance of U.S. Tech

by Advisory Research on June 12, 2024

June 2024 - Select Dividend In the following clip, Select Dividend Portfolio Manager Adam Steffanus highlights how the size, profitability, and growth of Big Tech might justify some pretty expensive valuations.

Strategies: Select Dividend

What is the Advantage of Global Investing?

by Advisory Research on June 05, 2024

JUNE 2024 - Select Dividend In the following clip, Select Dividend Portfolio Manager Michael Valentinas discusses how, more and more, the investment team is finding high conviction, high dividend growth stocks in international markets.

Strategies: Select Dividend