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Hartford Funds reduces dees for strategic beta ETFs; John Hancock launches ESG-focused funds; Nuveen introduces ESG-focused ETFs.

By Javier Simon | December 15, 2016
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Hartford 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.

NEXT: John Hancock Launches ESG-Focused Funds