Hartford Funds adds Hartford AARP Balanced Retirement Fund to multi-strategy lineup


Hartford Funds has launched the Hartford AARP Balanced Retirement Fund (HAFIX), which is sub-advised by Wellington Management Company and seeks to provide long-term total return while reducing downside risk and the impact of inflation on retirement accumulations.

The new Fund expands Hartford Funds’ lineup of multi-strategy mutual funds.

“For investors approaching or already in retirement, it’s critical to develop a well-diversified portfolio that seeks to protect purchasing power and principal while maintaining opportunity for growth,” says Vernon Meyer, Chief Investment Officer of Hartford Funds. “We are thrilled to leverage Wellington’s investment platform to develop a multi-asset solution that offers investors the potential for both capital accumulation and loss mitigation during the retirement and near-retirement years.”

The Fund will primarily invest in a broad range of equity and equity-related securities, debt securities, structured products, derivatives, money market instruments, and other investments, including other mutual funds and ETFs. The Fund’s investment strategy is intended to generate real total return, with an emphasis on downside mitigation for investors in or near retirement, who have less tolerance for significant declines in the market, but also must generate real returns to meet spending needs.

Christopher J Goolgasian, Managing Director and Portfolio Manager at Wellington Management, will serve as the Fund’s portfolio manager.

“Financial security in retirement has always been at the heart of AARP’s social mission. Employees nearing retirement need investment options designed to meet their specific needs. Many have saved and invested for decades and are now asking themselves, ‘What do I do with my money now, with retirement just around the corner?’ Hartford Funds has designed this product to help address that need,” says John Larew, SVP Branded Products for AARP Services, Inc.

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