Funds Reduces Fees for Strategic Beta ETFs
Effective January 1, 2017, Hartford
Funds will lower the fees across its lineup of strategic beta exchange-traded funds (ETFs) to an
average of 14% among four funds.
“With our recent acquisition of
strategic beta ETF capabilities, our scale allows us to create additional
cost-efficiencies and pass those savings along to our ETF investors,” explains
James Davey, president of Hartford Funds. “We want these strategies to be as
accessible as possible for investors to help them reach their long-term goals.”
The Hartford Multifactor Developed
Markets ETF will reduce its fee from .50% to .39%; the Multifactor Emerging
Markets ETF will reduce its fee from .65% to .59%; the Multifactor U.S. Equity
ETF will lower its fee from .35% to .29%; and the Multifactor Global Small Cap
ETF will reduce its fee from .60% to .55%.
The fee rate for the Hartford
Multifactor REIT ETF (RORE),
which launched in October will remain unchanged at .45%.
Hartford Funds’ ETF fee reductions
follow the acquisition earlier this year of Lattice Strategies. The firm added
strategic beta ETFs to its existing portfolio of actively managed mutual funds.
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