The Dana Viewpoint
Media Appearances
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S&P Falls most since November as Chinese growth slows
Chief Investment Officer Joe Veranth speaks with Bloomberg
“A lot of companies have tried to talk down expectations,” Joseph Veranth, chief investment officer at Dana Investment Advisors in Brookfield, Wisconsin, said by phone. The firm manages $3.9 billion. “The bar has been set a little lower and that’s going to help in terms of companies at least beating lowered expectations.”
Gold sinks most since 1980, Stocks since most this year
Chief Investment Officer Joe Veranth speaks with Bloomberg
“There’s a lot of talk about when the Fed might pull back and inflation worries, but underlying — the way the market is behaving with commodities and gold — it seems like people are acting differently,” Joseph Veranth, chief investment officer at Dana Investment Advisors in Brookfield, Wisconsin, said by telephone. The firm manages $3.9 billion. “They’re acting as if deflation is still potentially a fear.”
Record U.S stocks at lowest valuation since 1980
Chief Investment Officer Joe Veranth speaks with Bloomberg
“The individual investor doesn’t seem like they’ve come back to the market yet,” Joseph Veranth, chief investment officer at Dana Investment Advisors in Brookfield, Wisconsin , said by telephone. The firm manages $3.8 billion. “People aren’t convinced this is for real. They’ve been burned twice in a big way, and there’s still doubt.”
Stocks fall most this year, Euro drops; Spain Yields gain
Chief Investment Officer Joe Veranth speaks with Bloomberg
“It’s a little bit of a breather,” Joseph Veranth, chief investment officer at Dana Investment Advisors in Brookfield, Wisconsin, said by telephone. The firm manages $3.8 billion.“In Europe, Italian, Spanish and Portuguese bond yields are up a bit there and that’s partly causing it. Nevertheless, the market in the U.S. has been strong since the beginning of the year and we don’t see a whole lot to change that trend.”
Aerospace Industry poised for takeoff
4/22/2013 – Milwaukee Journal Sentinel
Senior Vice President and Portfolio Manager David Stamm talks with the Milwaukee Journal Sentinel
“Ignoring the jokes about airlines never making money for investors, David Stamm of Dana Investment Advisors Inc. is seeing a lot he likes in suppliers to the industry”
Dana Investment Advisors named in Top 5 best places to work
12/20/2012 – Pension and Investments
Pension and Investments names Dana Investment Advisors in top 5 Best Places to Work in money management with 100 employees or less.
“Founder Mike Dana created a family-like atmosphere at Dana Investment Advisors Inc. more than 30 years ago, building his company on professional integrity and employee support.”
Manufacturing Stocks Post Positive Gains
10/12/2012 – Milwaukee Business Journal
Senior Vice President and Portfolio Manager David Stamm talks with the Milwaukee Business Journal.
“I don’t think we’ve seen gang-busters growth out of a lot of these industrial companies, but (their stock) performance has been pretty good”
U.S. Stocks Little Changed Amid Japan Data, Greek Appeal
Chief Investment Officer Joe Veranth talks with Bloomberg.
“We’re in a moderate slowdown everywhere in the world,” Joseph Veranth, Chief Investment Officer at Dana Investment Advisors in Brookfield, Wisconsin, said by phone. The firm manages $3.7 billion. “There’s been a bit of the return of the inflation trade with the pick-up in commodities and the U.S. stock market. The real story there is it really takes the Fed off the table. Even though there’s some speculation of the Fed getting involved, we really don’t see it happening.”
Dana Investment Advisors Adds Depth to Sales Team
7/16/2012 – Dana Press Release
Brookfield, WI: Bob Gray, a 25-year institutional sales veteran, recently joined Dana Investment Advisors, headquartered in Brookfield, WI. Gray will join Doug Classen and work out of the firm’s newly expanded office space in Chicago.
Gray had been Managing Director and Head of North American Sales for Northern Trust Securities and before that spent 20 years in institutional sales and marketing with Strong Funds and Goldman Sachs Asset Management. Bob adds instant depth and expertise to our talented sales team. He will primarily focus on our direct institutional marketing efforts and aggressively growing our direct separate account assets under management said Mark Mirsberger, Chief Executive Officer, at Dana Investment Advisors.
With approximately $3.7 billion in assets under management, Dana Investment Advisors specializes in customized accounts for short and intermediate taxable and tax-exempt fixed income and a broad range of domestic equity strategies. Dana also specializes in managing socially responsible portfolios and sub-advises two mutual funds. Dana has served institutional and high-net-worth investors seeking above market returns with lower than average risk for over 30 years.
S&P 500 Posts first back-to-back weekly drop for 2012
CIO Joseph Veranth speaks with Bloomberg.
“There are still macro concerns that are weighing on the market right now,” Joseph Veranth, chief investment officer at Dana Investment Advisors in Brookfield, Wisconsin, said in a telephone interview. The firm manages $3.4 billion. In the U.S.,“economic numbers haven’t gone off a cliff, but the key is they are a little weaker than people expected,” he said. China and Europe “are concerns for us as part of the overall puzzle.”
Manager mines gems among smaller firms
Sr. Vice President and Portfolio Manager David Stamm talks with JSOnline in regards to Investment Trends.
“Economic growth in the United States is expected to be sluggish, but a Brookfield investment manager says he still sees some robust investment opportunities.
Wall Street analysts generally are sour on small company stocks because they have been trading at higher valuations, on average, than big company stocks. But small caps have had stronger growth trends coming out of the recession, said David Stamm, senior vice president and portfolio manager at Dana Investment Advisors.”
Where to invest in 2012
With stocks expected to rebound, opportunity abounds for investors.
Stock indices ended 2011 just as they started the year: Markets, across the board, were flat. The S&P 500 rose just 2.7 percent, compared with 15 percent in the previous year. Meanwhile, the Dow Jones Industrial Average rose just 5.5 percent in 2011—better than the S&P, but well below its 11 percent gain in 2010.
But there’s a bright side to this underperformance. According to the Stock Trader’s Almanac, since 1930, each year that the S&P had a flat year, it rebounded 13 percent in the following year. – David Francis – US News
Duane Roberts – Dana Director of Equities interviews with the Wall Street Transcript
9/2011 – Wall Street Transcript
Dana Director of Equities Duane Roberts talks with the Wall Street Transcript discussing Sector Neutral, Relative Value Investing.
“The Dana Large Cap Core strategy is our flagship equity product, and on an institutional separate account basis, started in June of 1999. We’ve added additional equity products, but Large Core remains our largest and longest-tenured product. The mutual fund version of that product began in March of 2010. It’s essentially the same target portfolio, and is managed using the exact same process used for our separate accounts. The mutual fund gets traded a little more frequently because of cash flows. But without cash flows, it would be treated just like any other institutional account.”
Municipal market copes with thin new issuance
Dana portfolio manager Brian Lehky discusses conditions in the municipal market.
“Brian Lehky, portfolio manager at Dana Investment Advisors, said his firm does most of its buying in the secondary because “from our perspective, the new-issue market is a little expensive.” The secondary offers more spread and allows the firm to be opportunistic in various sectors, capturing inefficiencies that present themselves from day to day, he said.”
European debt concerns in conflict with strong corporate earnings
Dana CIO Joe Veranth comments on earnings strength during Q2 earnings season.
“It’s a sigh of relief,” said Joseph Veranth, chief investment officer at Dana Investment Advisors in Brookfield, Wisconsin, which manages $3.3 billion. “Progress on Europe’s debt situation is allowing the market to remain at these levels. All of the other satellite countries are looking to see how the EU settles the debt situation in Greece because it has ramifications for the European banks. It’s the framework for a package and the markets have reacted positively.”
Mark Mirsberger – Dana CEO recognized as Five Star Wealth Manager in Milwaukee Magazine
Dana CEO Mark Mirsberger.
“Dana helps clients achieve their goals through integrity, diligence and dedication to our disciplined investment strategies.”
Service sector growth slows in April
Dana CIO Joe Veranth comments on recent weakness in a service sector data point.
“It was weak and a little bit of a disappointment for the market. Japan may have been a factor, even though that took place in March. We’ve got a fairly large two-month dip. Based on the GDP number in the first-quarter, this reflects a little bit of a speed bump in the recovery. Japan is part of the problem.”
Firm sees investments in chemicals companies pay big returns
Dana CIO Joe Veranth talks about an attractively valued materials sector holding with pricing power.
“They’ve tried to concentrate on sectors where they can somewhat control input costs but have pricing flexibility, or where they control a large enough portion of the market they can raise prices,” he said.
Dana Investment Advisors Announces Rebranding of Mutual Fund
“Dana Investment Advisors, Inc. is pleased to announce the Epiphany Large Cap Core Equity fund it sub-advises is being renamed effective today the Dana Large Cap Core Fund (symbol EPCNX).”
U.S. Stocks Drop as Oil’s Jump Overshadows Manufacturing Growth
Dana CIO, Joe Veranth, comments on the Fed’s inflation outlook.
“Bernanke’s reiterating that the Fed’s going to stay on the path they’re on,” said Joseph Veranth, chief investment officer at Dana Investment Advisors in Brookfield, Wisconsin, which manages $2.8 billion. “That leaves room for inflation concerns to continue to worry the market.”
Stocks Climb on Takeovers, Faster Global Growth as U.S. Treasuries Retreat
Dana CIO, Joe Veranth, comments on increased M&A volume.
“More and more people and companies see the economic recovery as sustainable,” said Joseph Veranth, chief investment officer at Dana Investment Advisors in Brookfield, Wisconsin, which manages $2.8 billion. “It’s no surprise that there are so many M&A deals going on. Earnings have been good and that’s indication that companies will have more cash” to fund deals.
Fed action Creates Investment Opportunities
Members of Dana’s Investment Team discuss the potential for inflation and a possible beneficiary.
“If you’ve got a Fed that wants inflation and they get it partially through a weaker dollar, then materials companies typically benefit,” said (Joe) Veranth, chief investment officer at the Brookfield firm.
Managers get in position to rise with natural gas prices
Dana equity portfolio managers remark on plummeting natural gas prices and ways for investors to position for a possible rebound.
“We can’t predict when it’s going to turn, but we know with pretty good certainty that people have stopped drilling. And if the economy gets better, you’re going from a headwind to a tailwind,” (Greg) Dahlman said.
Dow rises 5.8% in best day of ’09
Joe Veranth discusses a reason for optimism in an otherwise depressed market.
“It’s too soon to tell if it’s the actual turn yet, and that’s what you have to be careful about – and you have to be especially careful in the banking area,” said Joseph Veranth, chief investment officer at Dana Investment Advisors Inc. in Brookfield. “But if you’re thinking of buying a broad market index, it’s a good sign.”
