MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 10, 2021 A $152B-AUM Firm Enters the Translucent ETF Space A $152.1-billion-AUM (as of September 30) mutual fund firm is entering the translucent ETF space, with help from the Boston Behemoth.
Hartford Funds Management Company, LLC serves as the new ETF's investment advisors, while longtime Hartford ally Wellington Management Company, LLC is the fund's subadvisor. Wellington partners Stephen Mortimer, senior managing director and equity PM, and Mario Abularach, senior managing director and equity research analyst, PM the fund, using a bottom-up strategy. The fund uses Fidelity Investments' active equity ETF model for translucent ETFs. The expense ratio on the fund is 59 basis points. Other vendors supporting the new fund include: ALPS Distributors, Inc. as distributor and principal underwriter; PricewaterhouseCoopers LLP (PwC) as independent accounting firm; and State Street Bank and Trust Company as custodian and transfer agent. "We believe that this new fund, which offers active equity management in an ETF wrapper, has the potential to be an attractive option for both financial professionals and investors," Meyer states. Printed from: MFWire.com/story.asp?s=63630 Copyright 2021, InvestmentWires, Inc. All Rights Reserved |
