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Rating:Fund Opening: Hartford to Launch Mid Cap Value Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 27, 2004

Fund Opening: Hartford to Launch Mid Cap Value

by: Theresa Sim

Hartford Investment Financial Services is planning the launch of a new mid-capitalization fund, according to a SEC filing.

The fund, to be called the Hartford Select MidCap Growth fund, is slated to open in January of 2005.

Chartwell Investment Partners, Goldman Sachs Asset Management and Northern Capital Management will subadvise the fund.

Managers will invest at least 80 percent of the fund's holdings in companies listed in the Russell Midcap Growth index with market capitalizations between $500 million to $13 billion.

Officials had not yet decided the total operating expenses for Class A, B and C shares of the fund.

The advisor to the fund will receive 90 basis points for the first $500 million in average daily assets of the fund, 85 basis points for the next $500 million in assets, and 80 basis points for assets greater than $1 billion. 

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