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American Capital Changes Its Strategy But Continues To Remain Attractive For Investors

I continue to believe that interest rates will remain low longer than expected by the market due to various reasons, discussed in detail in one of my previous articles. Interest rates have remained low in the past year, and American Capital Agency (NASDAQ:AGNC) has benefited from that by aggressively positioning its portfolio by investing in high yielding assets and reducing hedged positions. This approach has helped the company beat the S&P 500's return in the past year, which does not include the attractive double digit dividend yield. AGNC is also one of my top picks among RMBS…