US mid cap and large cap funds bring active management to TSX investors
Advisors seeking actively managed US equity exposure for Canadian clients now have two new options after a Wisconsin-based asset manager debuted its first exchange-traded products north of the border.
Madison Investments (Canada) Ltd., a subsidiary of Madison Investment Holdings, began trading the Madison US Mid Cap ETF (TSX: MMID) and the Madison US Large Cap ETF (TSX: MLRG) on the Toronto Stock Exchange last week, following the close of each fund's initial offering. Both ETFs trade in Canadian dollars and represent the firm's first foray into the Canadian ETF space.
The funds extend Madison's existing US equity strategies into an ETF wrapper, giving Canadian investors access to the firm's bottom-up, research-driven stock selection process. Madison Asset Management, LLC, an affiliate of the Canadian entity, has been named sub-advisor on both mandates.
"As a firm with longstanding relationships in both Canada and the US, Madison Investments has always strived to deliver our actively-managed, risk-conscious investment strategies in a way that works best for our clients," said Steven Carl, Chair of the Executive Committee at Madison Investments. "The launch of ETFs in Canada represents an important milestone for our firm and reinforces our commitment to serving Canadian investors with the same disciplined investment approach that has guided Madison Investments for decades."
Founded in 1974 and headquartered in Madison, Wisconsin, Madison Investments manages roughly US$28 billion in assets as of March 31, 2026, across fixed income, equity, covered call, multi-asset, insurance, and credit union strategies in the US. Its investment approach is guided by what the firm calls its Participate and Protect philosophy. MAM and Madison Investment Advisors, LLC are both registered with the US Securities and Exchange Commission.
