Hartford Funds is to decrease fees on four of its strategic beta exchange-traded funds (ETFs), effective 1 January 2017.
Fees will be lowered an average of 14 per cent across the four funds.
Hartford Funds’ ETF fee reductions follow the acquisition earlier this year of Lattice Strategies. The firm added strategic beta ETFs to its existing portfolio of actively managed mutual funds.
“With our recent acquisition of strategic beta ETF capabilities, our scale allows us to create additional cost-efficiencies and pass those savings along to our ETF investors,” says James Davey, president of Hartford Funds. “We want these strategies to be as accessible as possible for investors to help them reach their long-term goals.”
Hartford Funds will reduce fees for Hartford Multifactor Developed Markets (ex-US) ETF (RODM) from 0.50 per cent to 0.39 per cent; Hartford Multifactor Emerging Markets ETF (ROAM) from 0.65 per cent to 0.59 per cent; Hartford Multifactor US Equity ETF (ROUS) from 0.35 per cent to 0.29 per cent; and Hartford Multifactor Global Small Cap ETF (ROGS) from 0.60 per cent to 0.55 per cent.
The fee rate for the Hartford Multifactor REIT ETF (RORE), which launched on 4 October 2016, will remain unchanged at 0.45 per cent.