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Rating:Hartford Gets TIPSy Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 01, 2002

Hartford Gets TIPSy

by: Sean Hanna, Editor in Chief

Hartford Mutual Funds has rolled out another five fixed income funds to bring its fund roster to 33. The new offerings include a fund investing in Treasury Inflation Protected Securities (TIPS). Known as the Hartford Inflation Plus Fund the fund is one of a handful available for investors. The most recent significant firm to register a TIPS fund was Fidelity Investments earlier this year.

One reason for Hartford's interest in the TIPS market is its extensive in-house experience with the young asset class. The insurer reports trading volume in TIPS of approximately $5 billion over the past 3 years.

Also included in the roll out are two municipal funds targeting New York and California and a short-term fund. Affiliate Hartford Investment Management Company is subadvisor to each of the funds.

David N. Levenson, senior vice president, explained that the fund will be marketed as a way for investors to diversify their holdings while protecting themselves from the adverse impact of inflation. Jim Tracy, national sales director, added the firm expects is distributing the new funds through the financial advisor channel.

The five new funds are:

  • The Hartford Inflation Plus Fund
  • The Hartford Income Fund
  • The Hartford Short Duration Fund
  • The Hartford Tax-Free California Fund
  • The Hartford Tax-Free New York Fund  

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