Bringing you live news and features since 2006 

Hartford Funds reduces management fees for multi-factor ETFs

RELATED TOPICS​

Hartford Funds has marked the three-year anniversary of three of its Multifactor ETFs – Hartford Multifactor Developed Markets (ex-US) ETF (RODM), Hartford Multifactor US Equity ETF (ROUS), and Hartford Multifactor Emerging Markets ETF (ROAM) – with a reduction in the funds’ management fees.

In total, Hartford Funds has reduced the management fees for six of its seven MultiFactor ETFs.
 
“Our risk-first investment approach is designed to allow advisors the ability to build more robust portfolios that are intentional about emphasising rewarded risks, while seeking to control undesirable risks,” says Ted Lucas, Head of Investment Strategies and Solutions for Hartford Funds. “We foresee a progressively challenging investment environment and believe advisors should be positioning their clients accordingly – enhancing their potential for capital growth, while aggressively managing cost and tax drag.”
 
Hartford Funds’ Multifactor ETFs seek to outperform traditional passive benchmarks while delivering the potential benefits of lower cost, transparency, and tax efficiency offered within an ETF wrapper. Its flagship, RODM, was awarded a Five Star Overall Rating by Morningstar (Out of 605 products in the Foreign Large Blend Category based on Risk-Adjusted Returns as of 28 February 2018).
 
Since inception on 25 February 2015 through to 28 February 2018, RODM ranked among the second quintile for the one-year period and top decile for the three-year period out of 746 and 661 funds, respectively. The ranking was based on RODM’s NAV return in the Morningstar Foreign Large Blend Category. Morningstar fund rankings are based on total returns of all products within their peer groups.
 
As a result of these fee reductions, as of 15 February 2018, the operating expense ratios for Hartford Funds’ Multifactor ETFs now rank near the lowest one-third of all ETFs within their respective categories, and among the least expensive 5 per cent when compared to institutional share classes of all actively managed mutual funds.
 

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by