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Products March 23, 2017
Hartford Funds to Release Fixed Income ETFs
The new funds will leverage the research and portfolio management expertise of sub adviser Wellington Management Company.
Reported by Javier Simon
Hartford Funds has released actively managed exchange-traded funds (ETF) based on fixed income. The Hartford Quality Bond ETF and Hartford Corporate Bond ETF will be sub advised by Wellington Management Company. Both products will leverage the firm’s fixed income research and portfolio management capabilities.
Hartford Funds describes the Hartford Quality Bond ETF as a conservative core bond fund with an emphasis on investment grade debt including U.S. Governments and mortgage-backed securities. The Hartford Corporate Bond ETF offers corporate bond exposure through a bottom-up strategy of predominantly investment grade corporate bonds and seeks to provide total return, with income as a secondary objective.
“In response to advisers’ call for a broad range of investment options, we’ve decided to further diversify our ETF lineup and enter the actively managed ETF space with two fixed income products,” explains Vernon Meyer, chief investment officer of Hartford Funds. “By fusing our ETF capabilities with the investment skill of Wellington Management, we are looking to maximize the value Hartford Funds can offer to investors.”
The move follows other efforts by Hartford Funds to push deeper into the ETF space following its acquisition of Lattice Strategies and its release of a U.S. real estate ETF.
For more information about Hartford Funds products, visit hartfordfunds.com.