Resources

Insights, research and news to keep you updated and informed on Madison's strategies and process. For Investment Strategy specific commentary, see our Investment Strategies & Solutions pages.


Commentary

2023 Mid-Year U.S. Equity Letter from Haruki Toyama

We are halfway through 2023, and so far the U.S. stock market has continued its rebound from last year’s decline. The S&P 500 Index remains about 5% below its peak reached in January of 2022, so it hasn’t quite yet recovered all of its lost value, but as usual, the market averages don’t always tell the whole story.

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Updates & News

Madison Investments Announces Ownership Transfer to Employees

Change in control reinforces commitment to independence and long-term focus.

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Commentary

NAIC's Statutory Accounting Changes for 2024 and 2025

At its 2023 Summer and Fall National Meetings, the National Association of Insurance Commissioners (NAIC) Statutory Accounting Principles (E) Working Group (SAP WG) adopted major investment-related initiatives that will impact U.S. insurers. We outline what we believe to be the most relevant to insurance company investment portfolios, including major reporting changes for structured debt securities.

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Updates & News

Madison Investments Debuts Actively-Managed ETF Suite with Launch of Madison Dividend Value ETF (DIVL)

DIVL Ushers in New Era of Actively-Managed, Income-Oriented Solutions

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Commentary

Q2 2023 Market & Economic Review

Download our quarterly communication with market and economics charts, and commentary on events of the previous quarter.

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White Papers

Municipal Bonds

Municipal bonds make up nearly 10% of the investment grade bond market. The $4 trillion in municipal debt is issued by government entities to cover expenses and finance projects that significantly benefit the public. This paper provides an overview of Municipal Bonds, highlighting their tax advantages, illustrating with examples, and exploring their intricacies.

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“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC (“MAM”), and Madison Investment Advisors, LLC (“MIA”). MAM and MIA are registered as investment advisers with the U.S. Securities and Exchange Commission. Madison Funds are distributed by MFD Distributor, LLC. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority. The home office for each firm listed above is 550 Science Drive, Madison, WI 53711. Madison’s toll-free number is 800-767-0300.

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