Hartford starts Hartford Global Impact NextShares Fund via Wellington

By Tali Rackner

Minneapolis, Dec. 7 – Hartford Funds launched the Hartford Global Impact NextShares Fund with subadviser Wellington Management Co. LLP, according to a press release.

The fund seeks long-term capital appreciation by investing in companies throughout the world that it believes are likely to address major social and environmental challenges.

The fund will operate as a “feeder fund” under a master-feeder structure along with the Hartford Global Impact mutual fund, with both funds investing all of their assets in shares of the Global Impact Master Portfolio, the release said.

Wellington Management’s Eric Rice, managing director and portfolio manager, and R. Patrick Kent, managing director and portfolio manager, will serve as the portfolio managers of the Hartford Global Impact Master Portfolio.

Hartford is a Radnor, Pa.-based provider of mutual funds and 529 college savings plans.

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