Hartford Mutual Funds

Since their inception in 1810, Hartford Financial Services Group has become one of the largest investment and insurance companies in the world. Although the company is headquartered in Hartford, Connecticut, they have major corporate offices in various countries including the United States, United Kingdom, Brazil, Canada, Japan, and Ireland. Hartford Financial Group is one of the world’s leading providers of personal and business insurance, investment products, mutual funds, financial advisory services, and savings plans. The Hartford Financial Group currently offers products and services through a plethora of subsidiary companies, agents (more than 11,000), registered brokers brokers (more than 100,000), financial institutions, and through their user-friendly online interface. The following briefly reviews the various aspects of Hartford mutual funds.

Types of Hartford Mutual Funds
At the moment, the Hartford financial group currently manages more than $50 billion worth Hartford mutual funds consisting of assets from various types of investors. By investing in Hartford mutual funds you can interact with well established and reputable investment firms such as the WMC (Wellington Management Company). There are a plethora of investment types offered within Hartford mutual funds, including but not limited to domestic stock funds, bond funds that are taxable, municipal bond funds, international investments, and domestic investments. Domestic stock funds currently account for more than 70% of the Hartford financial groups managed assets, with funds that are taxed being the second most managed investment type at nearly 13% of assets.

Features of Hartford Mutual Funds
Unlike the majority of mutual funds, Hartford mutual funds do not require minimum investment amounts for many individual funds. However, it is possible to incur account maintenance fees, especially with investment accounts that continually maintain a low balance ($15-$50) on a yearly basis. Nearly half of all Hartford mutual funds have a front load, while more than half are considered no-load mutual funds. According to reports released in late 2008 (at the peak of the global financial crisis), Hartford mutual funds offered an average return of more than 9%, indicating the investment’s stability even in times of economic turmoil. Aside from the aforementioned attributes, Hartford mutual funds also include financial advisory services that help novice to intermediate investors select the best funds for their investment portfolio.

Popular Hartford Mutual Funds
The most popular Hartford mutual funds are bond funds and large-cap mutual funds. Although these are the two main types of funds that are the most popular in the Hartford mutual funds family, some of them have different attributes than others. Perhaps the largest fund within the Hartford family of funds is the Hartford Capital Appreciation A fund, which currently manages more than 20 million dollars in assets. The minimum investment amount for this fund is $1000, the average return during the past 5 years has been nearly 10%, and the top holdings include IBM, GE (General Electric), and Goldman Sachs. The second most popular fund in the Hartford family of funds is the Hartford Capital Appreciation HLS fund, which currently manages more than $12 billion worth of assets, and provides mostly large-cap stocks. Some of the top holdings for the fund are GE, Goldman Sachs, and Ace. This is yet another fund fund offered by Hartford financial group that performs quite well, offering an average of 10% returns. The third most popular fund offered within Hartford mutual funds is the Hartford Growth Opportunities Fund, which currently holds nearly $1.5 billion in assets and includes stable top holdings like Western Union and Lockheed Martin.

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