Schroders enters into strategic relationship with Hartford Funds to accelerate growth plans in US
Schroders has entered into a strategic relationship with Hartford Funds, a leading US based asset management company that offers a broad range of actively managed strategies to US financial advisors and their clients.
The relationship will involve Hartford Funds adopting 10 of Schroders’ existing US mutual funds, with potential for the partnership to expand over time. The adopted funds will be advised by Hartford Funds, sub-advised by Schroders, and renamed ‘Hartford Schroders Funds’. The funds, which include equity, fixed income and multi-asset strategies, collectively have $2.2 billion in assets under management.
Peter Harrison, Group Chief Executive at Schroders said:
“Hartford Funds is a high-quality company whose reach and scale makes them an ideal strategic partner for Schroders. The addition of funds sub-advised by Schroders to Hartford Funds’ investment platform will give investors in the US access to our diverse investment management expertise. This relationship will enable us to build scale in our US intermediary business and accelerate our growth plans in the US market.”
Jim Davey, President at Hartford Funds said:
“This relationship allows us to expand the breadth of our investment capabilities and continue to deliver quality solutions to US investors, both now and in the future. Schroders’ history of product innovation and disciplined investment processes reflect our belief in differentiated, long-term thinking that helps investors meet their financial goals.”
Hartford Funds has $73.6 billion assets under management and offers more than 45 funds in a variety of styles and asset classes.
The fund adoptions are expected to be complete by the end of the third quarter of 2016, subject to shareholder approval.
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Schroders is a global asset management company with £324.9 billion (€409.7 billion/US$466.9 billion) under management as at 31 March 2016. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.
With one of the largest networks of offices of any dedicated asset management company, we operate from 38 offices in 28 countries across Europe, the Americas, Asia, Middle East and Africa. Schroders has developed under stable ownership for over 200 years and long-term thinking governs our approach to investing, building client relationships and growing our business.
Further information about Schroders can be found at www.schroders.com.
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