Hartford Funds launches active fixed income ETF

Dec 15th, 2017 | By | Category: Fixed Income

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Hartford Funds has launched the firm’s fourth actively managed fixed income ETF, the Hartford Municipal Opportunities ETF (HMOP US), on NYSE Arca. Sub-advised by Wellington Management, the fund seeks tax-exempt income from exposure to investment grade and high yield municipal bonds.

Hartford Funds launches active fixed income ETF

Vernon Meyer, Chief Investment Officer of Hartford Funds.

Vernon Meyer, CIO of Hartford Funds, said, “Investors are very tax-aware and, as interest rates go up, advisors are seeking fixed income strategies with the potential for greater after-tax returns and income. HMOP offers a diversified option for this challenge in a more tax-efficient ETF, while tapping into Wellington’s deep knowledge of managing municipal funds backed by credit research expertise.”

HMOP will follow an actively managed strategy that invests in municipal securities across states, sectors and different parts of the yield curve. The strategy seeks to deliver current income generally exempt from federal income taxes as well as long-term total return.

HMOP is the fourth actively managed fixed income ETF, following the launch of the Hartford Quality Bond ETF (HQBD US) and the Hartford Corporate Bond ETF (HCOR US) in March 2017, and the Harford Total Return Bond ETF (HTRB US) in September 2017.

HMOP has an expense ratio of 0.35%.

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