PARSIPPANY, N.J., March 13, 2013 /PRNewswire/ -- Hennion & Walsh, one of the nation's premier providers of investment services and an advocate for individual investors, has selected Morningstar and Adelante Capital Management LLC in order to expand its array of SmartTrust® Unit Investment Trust (UIT) offerings.
Hennion & Walsh launched the first SmartTrust UITs 10 years ago in order to help advisors and their clients construct portfolios offering diversified income opportunities and potential capital appreciation over the long term. SmartTrust has grown to become one of the top sponsors of UITs in the United States, gaining national exposure through a continuously expanding network of independent and regional broker-dealers.
"Our unique investment approach, where we look to add to our comprehensive set of UIT offerings when a specific strategy is in demand from advisors and has value in the market, helped fuel the rapid growth of our SmartTrust products over the previous three years. By teaming up with Morningstar and Adelante, we are helping to ensure that our latest UIT strategies, which will be added to our platform in the near future, are those that are especially relevant to the current needs of advisors," said Kevin Mahn, President and Chief Investment Officer of Hennion & Walsh Asset Management.
Hennion & Walsh has licensed the Morningstar® Dividend Yield Focus IndexSM for a new SmartTrust UIT.The Morningstar Dividend Yield Focus Index holds a portfolio of high-quality and high-yield U.S. stocks screened for consistent records of dividend payments and the ability to sustain them in the future. The index consists of 75 stocks that are weighted in proportion to the total pool of dividends available to investors. This is the first time that the Morningstar Dividend Yield Focus Index will be available to investors through a UIT.
"Dividends play a critical role in long-term returns for equity investors. At the same time, not all dividends are created equal. The Morningstar Dividend Yield Focus Index is designed with the objective of capturing the performance of companies that generate stable dividends by focusing on high-quality businesses, and we are pleased that Hennion & Walsh has licensed it for a UIT," said Sanjay Arya, Senior Vice President of Morningstar Indexes for Morningstar's Investment Management division.
Adelante Capital Management LLC, an Oakland, Calif.-based boutique real estate securities investment firm which invests in publicly traded commercial real estate securities, will become a Portfolio Consultant to SmartTrust. In this role, Adelante's investment management team will use its proprietary research to create the portfolio of a new SmartTrust UIT focused on real estate investment trust (REIT) and other real estate-oriented companies.
"This partnership will play an important role in bringing Adelante's distinct investment strategy, which utilizes market inefficiencies between current security prices and underlying property values to uncover undervalued REIT and other publicly traded real estate investment opportunities, to the wider retail investment community through SmartTrust's national distribution platform," said Michael A. Torres, Chief Executive Officer and Portfolio Manager of Adelante Capital Management LLC.
The majority of the SmartTrust portfolios are income-focused and selected by Hennion & Walsh's in-house investment management team, but the firm also partners with external managers that hold expertise in specific asset classes and strategies where appropriate. In addition to Adelante, Hennion & Walsh's other Portfolio Consultants include, at present, Value Architects, Zacks Investment Management and Capital Innovations, LLC.
For more information or to speak with Hennion & Walsh, please contact Chris Moon at 973-850-7304 or [email protected].
About Hennion & Walsh Hennion & Walsh, a full service brokerage firm specializing in municipal bonds, was founded in 1990 by Richard Hennion and Bill Walsh. Their mission is to be the individual investor's fiercest and most passionate advocate. Investment guides, webinars, seminars and online content are just some of the ways they help investors become better informed and make better investment decisions. The firm has built its reputation on developing strong, mutually beneficial relationships designed to last a lifetime, serving over 15,000 clients with brokerage accounts and managed portfolios. They are committed to providing individual investors with the institutional-quality service and guidance they believe they are entitled to. Additional information on Hennion & Walsh is available at www.hennionandwalsh.com. Additional information on SmartTrust is available at www.smarttrustuit.com.