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

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

Rating:Hartford Closes Three Funds to New Investors Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 25, 2004

Hartford Closes Three Funds to New Investors

by: Theresa Sim

The Hartford plans to close A, B, and C class shares on three of its mid-cap funds, the officials disclosed in a Friday SEC filing.

The Hartford will stop selling the share classes of its MidCap Fund, MidCap Value Fund and Small Company Fund on August 16, 2004. Notably, all funds will continue paying 12(b)-1 fees after that date.

At the end of May, the MidCap Fund had $2.3 billion in assets under management, the MidCap Value Fund had $386 million, and the Small Company Fund $295 million. Wellington Management subadvises all three funds.

MidCap Fund investors in wrap-fee programs with Strategic Advisers (cleared through National Financial Services), Raymond James Freedom Wrap Account, and the A.G. Edwards Professional Fund Advisor (PFA) Wrap Account can continue to purchase shares.

For all three funds, The Hartford will keep selling shares to investors through ACH or other "similar systematic investment facilities," and for reinvestments of capital gains and dividends.

Some retirement plan participants will also continue to have access to the Small Company Fund if the plan was set up prior to August 16.

The firm also announced that it was continuing the waiver of its management fee on its Equity Income Fund to August 28, 2005. 

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: Q4Q3Q2Q1
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