Hartford Funds Partners with Schroders to Expand Investment Platform
Hartford Funds Partners with Schroders to Expand Investment Platform
June 1, 2016 – Hartford Funds and Schroders announced today that they have entered into a strategic relationship to expand Hartford Funds’ investment platform. The relationship allows Hartford Funds to provide a broader, more diverse set of actively managed mutual funds to advisors and their clients, and enhances Schroders’ growth potential in the U.S intermediary channel. The relationship will involve Hartford Funds adopting 10 of Schroders’ existing US mutual funds, with potential for the partnership to expand over time. The funds, which include equity, fixed income and multi-asset investments, collectively have $2.2 billion assets under management as of March 31, 2016. The adopted funds will be sub-advised by Schroders and renamed ‘Hartford Schroders Funds’.
“This relationship will allow us to expand the breadth of our investment capabilities and continue to deliver quality solutions to U.S. investors, both now and in the future,” said Jim Davey, President of Hartford Funds. “Schroders’ history of product innovation and disciplined investment processes reflects our belief in differentiated, long-term thinking that helps investors meet their financial goals.”
Schroders operates across 38 offices in 28 countries around the world, with more than $466.9 billion in assets under management as of March 31, 2016. With this additional global reach and expertise, Hartford Funds’ existing actively managed investment platform will be enhanced by leveraging Schroders’ extensive global network of over 420 investment professionals.
“Hartford Funds is an ideal strategic partner for Schroders to accelerate our growth plans in the U.S. intermediary market,” said Karl Dasher, Chief Executive Officer of Schroders North America. “While our investment solutions will help expand Hartford Funds’ platform, Hartford Funds’ reach and scale will allow a broader spectrum of investors across the U.S. to gain better access to our capabilities.”
The fund adoptions are expected to be complete by the end of the third quarter of 2016, subject to shareholder approval.
Schroders is a global asset management business with $466.9 billion under management as of March 31, 2016. Its 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, Schroders operates from 38 offices in 28 countries across Europe, the Americas, Asia and the Middle East. Schroders has developed under stable ownership for over 200 years and long-term thinking governs its approach to investing, building client relationships and growing its business.
About Hartford Funds
Founded in 1996, Hartford Funds is a leading provider of mutual funds and 529 college savings plans. Using its human-centric investing approach, Hartford Funds creates strategies and tools designed to address the needs and wants of investors. Leveraging partnerships with MIT AgeLab and leading practice management experts, Hartford Funds delivers insight into the latest demographic trends and investor behavior. Hartford Funds offers a diverse line-up of more than 45 mutual funds, primarily sub-advised by Wellington Management, designed to address the challenges investors face and includes equity, fixed-income, multi-strategy, and alternative investments. The Company has mutual fund assets under management of $73.6 billion as of March 31, 2016 (excluding assets used in certain annuity products). For more information about the fund family, visit www.hartfordfunds.com.
All investments are subject to risk, including the possible loss of principal. Fixed Income risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall; these risks are currently heightened due to the historically low interest rate environment. Foreign investments can be riskier than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as specific country, regional, and economic developments. These risks are generally greater for investments in emerging markets.
Please consider a mutual fund's investment objectives, risks, charges and expenses carefully before investing. For access to the Schroders prospectuses, please click the following link: prospectuses. To obtain any further information on any Schroders fund, please read the prospectus, call your financial advisor or call Schroder Mutual Funds at (800) 464-3108 for Individual Investors or (800) 730-2932 for Intermediaries/Financial Consultants. Read the prospectus carefully before investing.
For more information please see www.schroderfunds.com
Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by visiting www.hartfordfunds.com or by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.
Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC. Hartford Funds Management Company, LLC is the Funds’ investment manager. The Funds are sub-advised by Wellington Management Company LLP (with the exception of certain fund of funds), a SEC-registered investment adviser unaffiliated with Hartford Funds. Schroders is an SEC-registered investment adviser and unaffiliated with Hartford Funds.
“The Hartford” is The Hartford Financial Services Group Inc. and its subsidiaries. Hartford Funds Distributors, LLC is a subsidiary of The Hartford Financial Services Group Inc.
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in The Hartford’s Quarterly Reports on Form 10-Q, our 2015 Annual Report on Form 10-K and the other filings The Hartford makes with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
From time to time, The Hartford may use its website to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at http://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the "Email Alerts" section at http://ir.thehartford.com.
The views and opinions contained herein are those of Schroders’ investment teams and/or Economics Group, and do not necessarily represent Schroder Investment Management North America Inc.’s house views. These views are subject to change. This information is intended to be for information purposes only and it is not intended as promotional material in any respect.