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Rating:Hartford Sees a $1.7 Billion Drop in Q1 Fund Deposits Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 01, 2009

Hartford Sees a $1.7 Billion Drop in Q1 Fund Deposits

by: Armie Margaret Lee

Hartford attracted mutual fund deposits of $2.3 billion in the first three months of 2009, down from $4 billion during the same period last year.

"The Hartford's family of mutual funds performed well during the quarter, but deposits were down as challenging equity markets led to a significant drop in mutual fund deposits industry-wide," company executives said Thursday.

Hartford ended March with AUM of $28.7 billion, down from $44.6 billion at the close of March last year.  

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