Engagement Letter
Why disclosure quality is the next leg of the nicotine transition.
Reduced-risk revenue is now widely reported — but capital allocation, attribution and pricing-mix transparency lag. Our Q1 engagement priorities.
April 2026Request
Insights
Research, engagement and sector commentary.
From the Hexis investment team. Published quarterly, plus engagement updates as they happen.
Sector Commentary
PMI vs. BAT: scoring two leaders on a 27-indicator framework.
An HNTS deep-dive on the world's two largest tobacco companies — where each leads, where each lags, and what that means for portfolio weights.
March 2026Request
Methodology
Building HNTS: from analyst spreadsheet to AI-augmented score.
Inside the design choices behind the Hexis Nicotine Transition Score — and the ACA Ethos independent review process that validated it.
February 2026Request
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Quarterly research and engagement updates. No marketing spam — written for allocators.
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