Hartford Mutual Funds
has rolled out another five fixed income funds to bring its fund roster to 33. The new offerings include a fund investing in Treasury Inflation Protected Securities (TIPS). Known as the Hartford Inflation Plus Fund
the fund is one of a handful available for investors. The most recent significant firm to register a TIPS fund was Fidelity Investments earlier this year.
One reason for Hartford's interest in the TIPS market is its extensive in-house experience with the young asset class. The insurer reports trading volume in TIPS of approximately $5 billion over the past 3 years.
Also included in the roll out are two municipal funds targeting New York and California and a short-term fund. Affiliate Hartford Investment Management Company is subadvisor to each of the funds.
David N. Levenson
, senior vice president, explained that the fund will be marketed as a way for investors to diversify their holdings while protecting themselves from the adverse impact of inflation. Jim Tracy
, national sales director, added the firm expects is distributing the new funds through the financial advisor channel.
The five new funds are:
The Hartford Inflation Plus Fund
The Hartford Income Fund
The Hartford Short Duration Fund
The Hartford Tax-Free California Fund
The Hartford Tax-Free New York Fund
Stay ahead of the news ... Sign up for our email alerts now