RADNOR, Pa.--(BUSINESS WIRE)--Hartford Funds and Schroder Investment Management North America today announced the finalization of their strategic relationship first announced in June 2016, whereby Hartford Funds has adopted ten of Schroders’ US mutual funds. Hartford Funds Management Company, LLC will serve as the investment adviser to the new Hartford Schroders Funds, with Schroder Investment Management North America Inc. serving as subadviser. The portfolio management teams for the funds remain the same.
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 US intermediary and retail channels. The funds collectively represent $2.9 billion in assets under management across equity, fixed income, multi-asset and alternative strategies, as of September 30, 2016.
“The Hartford Schroders Funds are a perfect complement to our current offering,” said Jim Davey, President of Hartford Funds. “We look forward to a long-term and mutually beneficial relationship with Schroders, focused on delivering differentiated investment solutions that can help investors meet their financial goals.”
Among the products offered as part of this relationship, four of the ten funds had a Morningstar Overall Rating of 5 stars and two funds had a Morningstar Overall Rating of 4 stars (I-shares as of September 30, 2016)*. Additionally, 2016 marked a year of milestones for many of the funds. In March 2016, the predecessor funds to Hartford Schroders US Small/Mid Cap Opportunities Fund and the Hartford Schroders Emerging Markets Equity Fund each reached their 10-year anniversary. In August 2016 the predecessor fund to Hartford Schroders International Multi-Cap Value Fund reached its 10-year anniversary, and the predecessor fund to the Hartford Schroders Tax-Aware Bond Fund celebrated its 5-year track record on October 3, 2016. The strong performance reflects the value of Schroders’ rigorous active investment process and the strength of their investment teams.
“Through this important relationship, Schroders is expanding its reach in the US financial advisor market more than ten-fold,” said Karl Dasher, CEO of Schroders North America. “By leveraging Hartford Funds’ investment and distribution platform we anticipate significant synergies as well as an enhanced ability to jointly deliver innovative solutions to the US financial advisor market.”
For more information on the Hartford Schroders Funds offering, please visit: https://www.hartfordfunds.com/home.html
About Schroders
Schroders is a global asset management company with $459.6 billion under management as of June 30, 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. For more information about Schroders, visit www.schroderfunds.com.
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.
As of October 24, 2016, the firm’s line-up includes more than 55 mutual funds in a variety of styles and asset classes, and five strategic beta ETFs. Its mutual funds (with the exception of certain fund of funds) are sub-advised by Wellington Management or Schroder Investment Management North America Inc. The strategic beta ETFs offered by Hartford Funds are designed to help address investors’ evolving needs by leveraging a unique risk-optimized approach, which identifies risks within each asset class and then deliberately and systematically re-allocates capital toward risks more likely to enhance return potential. Hartford Funds has mutual fund assets under management of $74.9 billion as of June 30, 2016 (excluding assets used in certain annuity products). For more information about our investment family, visit www.hartfordfunds.com.
