Friday, August 21, 2009
Hartford funds face up to market challenges
Insurance giant puts muscle behind bond funds, 401(k) retirement plans - The mutual-fund arm of Hartford Financial Services Group was a quick success, garnering assets at a record pace... But like most asset managers, Hartford Mutual Funds' fortunes took a tumble when the market crashed last year.
The firm, which has seen annual net inflows into its mutual-funds each year since its launch in 1995, suffered outflows in the fourth quarter of last year and this year's first quarter. Assets under management fell to the low-$30 billion range from about $50 billion...
MarketWatch: Hartford funds face up to market challenges
The firm, which has seen annual net inflows into its mutual-funds each year since its launch in 1995, suffered outflows in the fourth quarter of last year and this year's first quarter. Assets under management fell to the low-$30 billion range from about $50 billion...
MarketWatch: Hartford funds face up to market challenges
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