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Hartford Funds partners with Schroders to expand investment platform


Hartford Funds and Schroders have formed a strategic relationship to expand Hartford Funds’ investment platform. The agreement allows Hartford Funds to provide a broader, more diverse set of actively managed mutual funds to advisors and their clients. 

The relationship will involve Hartford Funds adopting 10 of Schroders’ existing US mutual funds, with potential for the partnership to expand over time. The funds, which include equity, fixed income and multi-asset investments, collectively have USD2.2 billion assets under management as of 31 March, 2016. The adopted funds will be sub-advised by Schroders and renamed ‘Hartford Schroders Funds’.

“This relationship will allow us to expand the breadth of our investment capabilities and continue to deliver quality solutions to US investors, both now and in the future,” says Jim Davey, President of Hartford Funds. “Schroders’ history of product innovation and disciplined investment processes reflects our belief in differentiated, long-term thinking that helps investors meet their financial goals.”

Schroders operates across 38 offices in 28 countries around the world, with more than USD466.9 billion in assets under management as of 31 March, 2016. With this additional global reach and expertise, Hartford Funds’ existing actively managed investment platform will be enhanced by leveraging Schroders’ extensive global network of over 420 investment professionals.

“Hartford Funds is an ideal strategic partner for Schroders to accelerate our growth plans in the US intermediary market,” says Karl Dasher, Chief Executive Officer of Schroders North America. “While our investment solutions will help expand Hartford Funds’ platform, Hartford Funds’ reach and scale will allow a broader spectrum of investors across the US to gain better access to our capabilities.”

The fund adoptions are expected to be complete by the end of the third quarter of 2016, subject to shareholder approval.

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