UBS On-Air: Market Moves Talking Markets Podcast with Dan Peris of Federated Hermes
7 snips
Aug 22, 2025 
Dan Peris, Senior Portfolio Manager and Head of the Income and Value Group at Federated Hermes, shares his insights on the current dividend equity landscape. He discusses the need for geographic diversification, emphasizing global profit sources. Peris examines the recent Q2 earnings, particularly successes in the utilities sector, and the evolving strategies of U.S. versus non-U.S. companies. The conversation also delves into balancing yield and dividend growth, stressing the importance of fundamental business analysis in today's unpredictable market.
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Peak Uncertainty Favors Narrow Focus
- Dan Peris says markets are in a period of peak uncertainty across investors, corporations, and regulators.
- Narrow, focused mandates help screen noise and navigate heightened uncertainty effectively.
Market Narrowing Creates Dividend Opportunities
- The market has narrowed around a handful of large tech names, creating opportunity across the rest of the S&P 500 for dividend-focused investors.
- Peris notes the non-tech opportunity set has broadened over the past six years improving hunting grounds for dividend strategies.
Assess Revenue Location, Not Just Listing
- Look beyond a company's listing when assessing geographic exposure and focus on where its cash flows originate.
- Include global multinationals and Canadian firms to harvest more reliable dividends for U.S. investors.
