The Hartford Reopens MidCap Value Fund
The Hartford Mutual Funds has reopened The Hartford MidCap Value Fund to new investors, effective September 1.
According to a press release, the fund, which is sub-advised by Wellington Management Company, LLP, has been closed to new investors since August 2004 and has experienced normal outflows without the offsetting benefit of new cash inflows, which has opened up capacity for new investors. In addition, the company said the current market environment has created attractive new investment opportunities in the mid-cap space.
James Mordy, a senior vice president and partner at Wellington Management Company, has managed the fund since its inception in 2001. He has 24 years of professional experience and has been managing mid-cap portfolios since 1997, the company said.
The Hartford MidCap Value Fund (Class A: HMVAX; Class C: HMVCX) seeks to outperform the Russell 2500 Value Index by investing in stocks of mid-cap companies. The investment approach focuses on companies with below average price/earnings ratio and bottom-up security selection.