Madison Investments launches another fund to round out ETF suite

Madison Investments launches another fund to round out ETF suite
The firm has now launched four ETFs in the past month.
SEP 07, 2023

Wisconsin-based investment management firm Madison Investments has launched its fourth new actively managed ETF, rounding out its initial suite of funds that debuted last month.

The firm’s latest exchange-traded fund is the Madison Short Term Strategic Income ETF (MSTI), designed to generate a high level of current income by allocating to a diverse set of fixed income sectors and individual securities within a typical duration range of three to five years.

Mike Sanders, the firm’s head of fixed income, together with Allen Olson and Chris Schroeder, a team with a combined 70 years of experience, will manage the fund, which has an expense ratio of 0.40%.

“Through our active management approach, our fixed income ETFs are designed to help investors capitalize on the opportunities presented by this current rising rate environment,” said Sanders. “We created MSTI and its companion fund, MAGG, to address the growing need for fixed income strategies that generate yield from the bond market with a proactive approach to risk.”

SUITE OF FOUR

The Madison Short Term Strategic Income ETF joins three other funds in the suite: The Madison Aggregate Bond ETF (MAGG), which launched last week; Madison Covered Call ETF (CVRD) which launched on Aug. 21, and the Madison Dividend Value ETF (NYSE: DVIL) which launched on Aug. 14.

The firm has approximately $22.9 billion in assets under management as of June 30, 2023 and is about to mark its 50th anniversary having been founded in 1974.

Latest News

Want to get the most out of alts? You’ll have to do your homework
Want to get the most out of alts? You’ll have to do your homework

Advisors who expect an edge from alternatives' illiquidity premium – without understanding the underlying terms and explaining them to clients – have a world of learning to do.

'Finfluencer' Ponzi scheme defrauds investors of over $20M
'Finfluencer' Ponzi scheme defrauds investors of over $20M

The social influencer Tyler Bossetti pleaded guilty to wire fraud and aiding in the filing of false tax documents as a result of the real estate scheme, which ran from 2019 to 2023 and used platforms including Facebook and YouTube.

US annuity sales see sixth straight $100B+ quarter
US annuity sales see sixth straight $100B+ quarter

The latest LIMRA data release shows continued growth in RILAs, variable annuities, and FRD products, though researchers argue more education is still needed.

RIA moves: Thiel's Indivisible welcomes Ride Wealth Partners, $4B Beacon snaps up Astor
RIA moves: Thiel's Indivisible welcomes Ride Wealth Partners, $4B Beacon snaps up Astor

Indivisible Partners builds on its strategy to take turf in the independent space with its latest move in Colorado.

Advisor moves: LPL adds $425M Evermark Investment Partners, $300M Merril Lynch group hops to Ameriprise
Advisor moves: LPL adds $425M Evermark Investment Partners, $300M Merril Lynch group hops to Ameriprise

LPL's latest addition, a San Diego team defecting from RBC, represents a milestone for the broker-dealer giant's Strategic Wealth model for wirehouse breakaways.

SPONSORED RILAs bring stability, growth during volatile markets

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.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave