Madison Investments has launched the first of a suite of exchange-traded funds, with more planned to follow within weeks.
The Madison Dividend Value ETF (NYSE: DIVL) marks the Wisconsin-based firm’s ETF debut and is managed by experienced fund managers John Brown and Drew Justman.
“This launch is a natural extension of our existing suite of investment strategies guided by our ‘Participate and Protect’ philosophy,” said Patrick Ryan, president of Madison’s Funds and ETFs. “Our organization recognizes the importance of actively balancing return potential with risk management. By capturing the value of active management within the ETF product wrapper, we’re providing investors with additional tools to participate in equity and fixed income markets with a proactive approach to risk.”
DIVL invests in stocks with relative dividend yields that fall within the top 25% of their historic range to capture above-market yield and growth potential, with a focus on high-quality companies with strong balance sheets and durable competitive advantages to help manage risks.
[Read more: How do stocks make money?]
The fund will be joined in the coming weeks by the Madison Covered Call ETF (NYSE: CVRD) and two active fixed income products: the Madison Aggregate Bond ETF (NYSE: MAGG) and the Madison Short Term Strategic Income ETF (NYSE: MSTI).
“As an employee- and founder-owned firm, Madison Investments has always put the long-term interests of our clients first. This means continually identifying and developing innovative solutions to help advisors and their clients pursue their financial goals,” says Steven Carl, Chair of the Executive Committee and Chief Distribution Officer. “We firmly believe these active ETFs will carry forward our legacy of risk-conscious, institutional-caliber investment strategies.”
Founded in 1974, Madison Investments has grown from a local advisor firm to an organization operating across the U.S. and Canada with assets of almost $23 billion.
The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.
The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.
Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.
With more than $13 billion in assets, American Portfolios Advisors closed last October.
Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
