Simplicity of four portfolios, expertise of five leading money managers
takes portfolios concept back to its roots
TORONTO, Jan. 19 /CNW/ - Hartford Investments Canada Corp. ("Hartford
Investments"), the manager of Hartford Mutual Funds, continues to expand its
core offering with the launch of Harford Portfolios, a four portfolio solution
that provides investors access to the five leading money managers that
sub-advise Hartford Mutual Funds.
"Very few programs give investors access to the level of money management
expertise that Hartford Portfolios provide," says Laurie Davis, President of
Hartford Investments. "I believe the fact we've packaged that capability into
a core portfolio solution will prove very attractive to advisors and their
Hartford Portfolios are constructed from Hartford Mutual Funds - core
mandates sub-advised by five distinct managers (Beutel Goodman and Company,
Black Creek Investment Management, Greystone Managed Investments, Hartford
Investment Management Company and Wellington Management) all with proven
long-term track records.
"We're offering Canadians exactly what they need: the expertise of five
leading, pension style managers in a single portfolio solution," adds Davis.
"This is what portfolios were supposed to be in the first place. We've simply
brought the concept back to its roots."
The asset allocation team at U.S.-based Hartford Investment Management
Company will oversee the management of the four Hartford Portfolios: Hartford
Conservative Portfolio, Hartford Balanced Portfolio, Hartford Balanced Growth
Portfolio and Hartford Growth Portfolio. The team manages almost US$2 billion
(as of September 30, 2008) in assets for similar programs in the U.S. and UK,
using a dynamic management approach that sets broad allocation targets, with
the flexibility to make small adjustments that take advantage of market
The team can also selectively add small allocations of Exchange Traded
Funds (ETFs) to efficiently achieve optimal asset allocation. Cash flows are
used to rebalance, where possible, minimizing trading and further enhancing
portfolio management efficiency.
Hartford Portfolios are available in front and back end load classes, as
well as T share options, which provide tax efficient income. All four
portfolios can also be selected as destination investments for Hartford Dollar
Cost Averaging Advantage Program, which pays investors a premium interest rate
on cash waiting to be invested.
Full details regarding Hartford Portfolios are contained in the
Hartford Investments: Hartford Investments was founded in 2000 and is an
indirect wholly owned subsidiary of The Hartford Financial Services Group,
Inc. a leading global provider of investment products, life insurance and
group benefits. With almost $1 billion in assets under management as of
December 31, 2008, Hartford Investments currently offers a suite of 14 mutual
funds, namely, Hartford Capital Appreciation Fund, Hartford Global Leaders
Fund, Hartford U.S. Stock Fund, Hartford U.S. Dividend Growth Fund, Hartford
Canadian Stock Fund, Hartford Canadian Value Fund, Hartford Canadian Dividend
Growth Fund, Hartford Canadian Dividend Fund, Hartford Global Balanced Fund,
Hartford Canadian Balanced Fund, Hartford Canadian Bond Fund, Hartford Global
High Income Fund, Hartford Canadian Money Market Fund and Hartford
International Equity Fund, each of which is a reporting issuer in all of the
Canadian provinces and territories.
Hartford Investment Management Company: Hartford Investment Management
Company manages US $148 billion as of September 30, 2008 on behalf of
institutions, sub-advised mutual funds and insurance companies. The firm
employs over 160 investment professionals, with an average 17 years'
investment industry experience.
For further information:
For further information: Mary Taylor, Senior Vice-President, Marketing,
Product and Key Accounts, Hartford Investments, (416) 306-6085,
firstname.lastname@example.org; David Rutherford, Vice-President,
Marketing, Hartford Investments, (416) 306-6084,