Companies often use lobbying to position themselves before a shift in public policy or, to fend off challenges to their business model.
“Rent Seeking” is not a traditional factor accounted for in investment analysis and
can positively impact corporate profits via changes in public policy.
Aggressive "beggar thy neighbor" monetary policy has pushed the yield of sovereign credit to multi-cycle lows;
in some instances these rates globally have gone negative. The concomitant currency debasement has eroded the relative
"safety" premium relative to equities, creating an opportunity for an alternative.
The scarcity of yield from conventional sources and the increasingly lofty valuations has created a need for
a more nuanced approach to dividend investing. Companies scoring well by dividend yield and dividend growth have,
independently, produced the strongest risk-adjusted returns. Together they are the powerful source of total return.
The best research is worthless unless it leads to an actionable conclusion. Strategas' “first principles” approach to research and idea generation has generated significant client demand such that the Firm formed Strategas Asset Management, LLC, a registered investment advisor, to offer a range of managed account strategies to leverage the thematic investment conclusions and actionable ideas of the Firm’s macro research teams.
Our Financial Products initiative leverages the thematic idea generation of the Firm’s macro research analysts to create a suite of managed strategies for institutional investors and financial advisors.