Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Another Fund Company Opts for a Guarantee Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 7, 2008

Another Fund Company Opts for a Guarantee

News summary by MFWire's editors

Another fund company has signed up for the Treasury's money market fund guarantee program ahead of the October 8 deadline. The Hartford has told its investors that it will be joining the program.




Company Press Release

The Hartford Money Market Fund and the Hartford Money Market HLS Fund will participate in the new money market fund guaranty program recently established by the U.S. Treasury. Shareholders in The Hartford's money market funds as of September 19 will be eligible for all of the program's benefits.

The decision to participate was driven by a desire on the part of The Hartford Mutual Funds to provide protection and peace of mind to money market fund shareholders during a historically volatile market period.

"The Hartford Mutual Funds is focused on doing what is right for our long-term shareholders," said Robert Arena, executive vice president and director of The Hartford's retail investment products group.

Arena added, "In the case of The Hartford money market funds, this means continuing to deliver on our money market funds' objective of preserving clients' principal while providing liquidity and current income. We are also pleased to participate in the new guaranty program as it provides shareholders an additional level of assurance in these volatile markets."

Also, as previously stated, The Hartford money market funds do not hold any Lehman Brothers debt in their portfolios.

For a current list of holdings (as of October 3, 2008), please refer to the fund details for The Hartford money market fund you own
 

Edited by: Erin Kello


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use