Brown Advisory, a Baltimore-based independent investment management group, has launched the Brown Advisory Equity Income Fund under the ticker symbol BIADX.
Brown’s institutional and high-net-worth clients (with more than $5 million in investable assets) with have access to BIADX, which will focus on delivering current income and dividend growth through investments in high-quality companies, according to a statement from Brown Advisory, based in Baltimore. The fund invests at least 80% of the value of its net assets in a diverse equity portfolio, with a focus on larger companies with market capitalizations equal to or more than $1 billion.
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