FYI: "Political risk" is a wonderful bit of shareholder jargon that has its uses -- maybe if your fund is looking at Venezuela or Brexit Britain or somewhere. It acknowledges that an unpredictable world can interfere with your investment thesis. Sometimes, though, it just describes the perfectly natural unwillingness of voters to let business do whatever it likes.
Take the utilities. Companies that provide essential services to households and firms have been pretty safe ground for shareholders during difficult times. They come with regulated tariffs, high barriers to entry and state protection. They offer chunky dividends that yield more than the broader stock market.
Regards,
Ted
https://www.bloomberg.com/gadfly/articles/2018-02-05/politics-is-a-dirty-business-but-investors-are-no-angels?srnd=fixedincome
