Hartford Funds has entered into a preliminary agreement with Navigate Fund Solutions to support the launch by Hartford Funds of a family of NextShares exchange-traded managed funds.
“We are pleased to be an early adopter of NextShares,” says James E Davey, President, Hartford Funds. “As an asset management firm with a strong focus on the success of its investors, we believe that NextShares have the potential to help financial advisors enable their clients to reach their life goals.”
NextShares are a new type of exchange-traded product designed to provide investors with potentially better performance and enhanced tax efficiency by leveraging the best features of actively managed mutual funds and exchange-traded funds (ETFs). Like active mutual funds, NextShares seek to outperform their benchmark index and peer funds based on their manager’s investment insights and research judgments. Like ETFs, NextShares will utilise an exchange-traded structure with built-in cost and tax advantages. Compared to actively managed ETFs, NextShares offer the potential benefits of protecting the confidentiality of fund trading information and providing trading cost transparency to fund investors. Learn more by visiting nextshares.com.
“We are looking forward to working with the leadership of Hartford Funds to introduce their NextShares to investors and the financial advisors who serve them,” says Stephen W Clarke, President of Navigate.