Tuesday, October 24, 2023
Investing in high-dividend-yield stocks with a tilt towards lower volatility opportunities has historically outperformed the broad market during recessions. But the story is better than that. Both high-dividend-yield and low-volatility stocks have significantly outperformed the broad market over the past 50 years. Investing without hubris means adopting an approach that has worked over long periods without requiring a crystal ball.
Read the 3Q 2023 Quarterly Report: Navigating Crosscurrents ►
Gregory Powell, PhD, oversees the Portfolio Management Team. Greg is the designated lead or co-lead Portfolio Manager on the firm’s core strategies. In addition, he holds a position on Miller/Howard’s Executive Committee. Greg joined Miller/Howard in 2017 and served as a portfolio manager and Deputy Chief Investment Officer. He was promoted to CIO in 2020, after the retirement of founder Lowell Miller. Prior to joining MHI, Greg had a distinguished 19-year career as a portfolio manager and director of research at AllianceBernstein. At AB, he managed a team of 12 analysts and a suite of products with $11 billion in AUM. He also served as head of fundamental value research there, redesigning the analyst role with an emphasis on investment success and training analysts in all aspects of the position. He holds a BA in Economics/Mathematics from the University of California Santa Barbara, and a PhD and MA in Economics from Northwestern University.