MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, September 1, 2009 Hartford Reopens Another Long-Closed Fund After five years, Hartford just reopened the Hartford MidCap Value Fund to new investors. Hartford first closed the fund in August 2004. Subadvised by Wellington Management Company, the fund had $386 million in managed assets before buttoning-up to new investors. (It now has $236.56 million, as of market close on August 31, 2009.) With the unshuttering of MidCap Value, Hartford has no other fund that's closed to new investors, a company spokesperson told The MFWire. Keith Sloane, senior vice president of the Hartford Mutual Funds, anticipates that the fund will follow in the successful footsteps of the Hartford MidCap Fund, which reopened in December after four years. "The Hartford MidCap Fund has been a strong performing fund in the Morningstar mid-cap growth category, and now we are pleased to offer new investors The Hartford MidCap Value Fund, which has been a strong performer in the mid-cap value space," Sloane stated in a news release. "Advisors and their clients may meet all their mid-cap needs by using both of these funds when building portfolios." The MidCap Value fund is managed by James Mordy, a Wellington Management vice president and partner, who has been in charge since the fund's creation in 2001. “As our economy shows signs of emerging from recession, there are many opportunities for investors in the mid-cap space," Mordy stated. "Opening the Fund to new investors will help us to take advantage of attractively priced mid-cap companies.” Printed from: MFWire.com/story.asp?s=22485 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |