Miller/Howard Investments
Miller/Howard Commentary
Income-Equity—International vs Domestic
Greg Powell, Portfolio Manager  |  Full Bio (PDF)
John E. Leslie III, CFA, Portfolio Manager  |  Full Bio (PDF)
MORE:  Income-Equity—Energy Sector


Being domestic or international is not as clear cut as it used to be. Many US companies have extensive foreign operations with the related currency exposures.

But remember, we are bottom-up investors. We look for stocks that expect to provide our clients with high income, growth, and the financial strength to support that income and growth. Sometimes we find that in the US, sometimes in Europe, and sometimes in Asia. We're less concerned where we find the stocks that fit our criteria than we are about how well they fit that criteria.

In the fourth quarter, we added HSBC and Total to the portfolio and increased our weight in Vodafone. All three names reflect the good quality and high yield we are after.


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