Hartford Mutual Funds launches two global-tactical funds and an international value fund
The Hartford Mutual Funds today introduced three new funds. The Hartford Global Real Asset Fund and The Hartford Global All-Asset Fund offer investors global exposure at a time when global economies are changing rapidly and there is expanding demand for alternative investments.
"We expect these funds to be embraced by advisors whose clients seek active asset allocation, more sophisticated global diversification and long-term growth," says Keith Sloane, senior vice president of The Hartford Mutual Funds.
The third new offering, The Hartford International Value Fund, offers investors the benefits of international exposure with a style-focused, large-cap value approach.
The funds are sub-advised by Wellington Management Company, LLP, an independent and unaffiliated sub-adviser to The Hartford.
The Hartford Global Real Asset Fund seeks to provide a long-term total return that outpaces inflation over a macroeconomic cycle by investing in a globally diverse mix of inflation-related equity investments, inflation-linked bonds, and commodities.
The management team is led by Scott Elliott, a senior vice president at Wellington Management with 20 years of professional experience. Other team members include Brian Garvey, Jay Bhutani and Lindsey Thrift Politi. Portfolio managers are supported by the full resources of Wellington Management.
The portfolio managers have flexibility to adapt to distinct economic environments by rotating across asset classes based on their outlook for economic growth and inflation. Target ranges for each asset class are:
* Inflation-related stocks (40-70 percent)
* Inflation-linked bonds (20-50 percent)
* Commodities (0-25 percent)
"Traditional stock/bond portfolios often overlook asset classes that could provide relative outperformance in a rising inflation environment," says Dr. Bob Froehlich, senior managing director of The Hartford Mutual Funds. "Investors who want to increase diversification to help protect against inflation should consider investing in real assets, such as commodities, natural resources or precious metals; inflation-sensitive stocks such as energy or agriculture; or TIPS.