“The stocks in the Global Dividend Yield portfolio have been disproportionately impacted by higher interest rates in terms of the negative impact it has had on valuations. That makes sense given the high dividend yields of the stocks in the portfolio, and the negative impact that high interest rates have on their valuation. However, given the significant rise in interest rates over the past several years the portfolio held up well.”

Each quarter, Richard Sherry, CFA Portfolio Manager and Senior Research Analyst provides an update on the performance of the Global Dividend Yield strategy and shares his market outlook. Listen to his most recent episode where Rich recaps market activity during 3Q 2024, with a particular focus on:

• The recent broadening of the markets
• Primary contributors and detractors to the Global Dividend Yield strategy performance
• The effects of rate reductions by the Fed

For more insights, read our 3Q 2024 Commentary or subscribe to KayneCast where we provide the latest updates from the KAR Investment Team on our investment strategies.

Kaynecast is available on Apple Podcasts and Spotify.