Bill Priest, Executive Chairman, Co-CIO, and Portfolio Manager, Epoch Investment Partners met with Steve Sciortino, Managing Director and Head of Product Management at New York Life Investments to discuss his long-term outlook on the equities market, the importance of actively identifying resilient companies, and the benefits of accessing income through a shareholder yield approach.
Priest says that investors are likely in for a choppy ride. The global pandemic’s lingering effects on the economy coupled with November’s pending election continues to deliver high levels of uncertainty and market volatility. Priest emphasizes security in a diversified equity income approach. In the long term, Priest predicts that technology and data will continue to be a major disruptor. While technology and data will continue to change the way we live and work, Priest says it will ultimately drive down labor and fixed costs, benefiting dividend pay outs.
Epoch’s Equity Shareholder Yield approach aims to deliver attractive total and risk-adjusted returns and high dividend income through a diversified equities approach. The firm leverages proprietary quantitative research to identify resilient companies with persistent cash flows and sustainable income levels and growth rates.
To learn more, register for New York Life’s webcast: Building resilient portfolios in an uncertain environment.
Discussion Topics:
- Macroeconomic conditions
- Market reactions to heightened uncertainty
- The case for a resilient portfolio
- Drivers of long-term performance
- Attractive investment opportunities in today’s market
- Strategies to navigate the current market environment and key risks to consider
Bill is Executive Chairman and Co-Chief Investment Officer of Epoch Investment Partners. He is a portfolio manager for Epoch’s global equity investment strategies and leads the Investment Policy Group, a forum for analyzing broader secular and cyclical trends that Epoch believes will influence investment opportunities. Prior to co-founding Epoch in 2004, Bill was a Co-Managing Partner and portfolio manager at Steinberg Priest & Sloane Capital Management, LLC for three years. Before joining Steinberg Priest, he was a member of the Global Executive Committee of Credit Suisse Asset Management (“CSAM”), Chairman and Chief Executive Officer of CSAM Americas and CEO and portfolio manager of its predecessor firm, BEA Associates, which he co-founded in 1972. During his 30 year tenure at BEA and CSAM, he developed the firm into a well-recognized investment manager with over $100 billion under management.