These new strategies allow investors to further diversify their allocation to international equities
Hartford Funds announced the launch of two actively managed mutual funds with primary exposure to international equities: Hartford Schroders Sustainable International Core Fund (HSISX) and Hartford Schroders International Contrarian Value Fund (HFSIX). Both Funds will be sub-advised by Schroder Investment Management North America Inc. and Schroder Investment Management North America, Ltd. will serve as sub-sub-adviser (collectively referred to as “Schroders”).
“Once again, we are pleased to leverage the global and sustainable investing expertise of Schroders, one of our long-trusted sub-advisers with a demonstrated history of excellence in this asset class.”
“These mutual funds offer distinct ways to gain exposure to international equity markets, which we believe have strong potential to generate returns over the long term,” said Vernon Meyer, Chief Investment Officer at Hartford Funds. “Once again, we are pleased to leverage the global and sustainable investing expertise of Schroders, one of our long-trusted sub-advisers with a demonstrated history of excellence in this asset class.”
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Hartford Schroders Sustainable International Core Fund [HSISX]
HSISX showcases best ideas from experienced and established investment teams at Schroders that collectively have deep, regional expertise and manage in aggregate more than $85 billion in assets under management. The Fund seeks long-term capital appreciation by investing primarily in international and emerging-markets equities that meet Schroders’ sustainability criteria. To achieve this objective, the investment team aims to construct a diversified portfolio where stock selection is the primary driver of alpha, seeking mispriced opportunities across a multitude of industries and regions. At the same time, the investment team strives to build a portfolio that has a positive impact on society by investing in companies that they believe have best-in-class stakeholder behaviors. Schroders’ proprietary sustainability criteria, which includes a framework that incorporates environmental, social and governance (“ESG”) measures, helps the investment team determine a company’s societal impact.
The actively managed Fund’s performance benchmark will be the MSCI All Country World (ACWI) ex USA Index. Nicholette MacDonald-Brown of Schroders serves as the Fund’s portfolio manager, and is supported by regional portfolio managers Scott MacLennan, Manish Bhatia, and Kazuhiro Toyoda, who are based in London, Hong Kong, and Tokyo, respectively.
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Hartford Schroders International Contrarian Value Fund [HFSIX]
HFSIX utilizes a pure contrarian deep-value style, resulting in a portfolio that is unconstrained and concentrated with high Active Share. In managing the Fund, the investment team seeks to own stocks that are significantly undervalued relative to their long-term earnings potential. They focus on identifying out-of-favor stocks which have low valuations but are considered to have resilient earnings and/or misunderstood balance sheets. The investment team integrates financially material ESG characteristics such as climate change, environmental performance, labor standards, and corporate governance into their investment process.
The actively managed Fund’s performance benchmark will be the MSCI EAFE Value Index. The Fund’s investment management team consists of Portfolio Managers Nick Kirrage, Simon Alder, and Liam Nunn, who are part of the Schroders Global Value Team.
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