SAMT - SAMT: Highly Sophisticated Active Strategy With Unconvincing Returns
2025-06-03 02:03:07 ET
Summary
- Incepted in January 2022, SAMT is an actively managed vehicle with a strategy revolving around macro themes like AI, de-globalization, etc. It is benchmarked against the S&P 500.
- At this juncture, it has 36 holdings, including a massive cash position. Most companies have excellent growth characteristics, yet are expensive and have a few quality issues.
- 2022 was a success, and so were 2024 and 2025 to date. Yet, owing to feeble 2023, SAMT's annualized return is 1.4% below that of IVV.
- Considering the balance of the positive and negative factors, the Hold rating is the golden mean.
Today, I would like to initiate coverage of the Strategas Macro Thematic Opportunities ETF ( SAMT ), an actively managed exchange-traded fund with a sophisticated strategy and "macro-thematic trends" at its crux....
SAMT: Highly Sophisticated Active Strategy With Unconvincing Returns