The Hartford Reopens Midcap Fund To Up to $300 Million in New Assets
June 17, 2002
The Hartford Mutual Funds has reopened the Hartford MidCap Fund to new investors. The fund, which currently has slightly more than $1.323 billion in assets, according to Morningstar, will be available to new investors until Aug. 31 or until it achieves net new sales of $300 million, whichever comes first.
Despite a negative return over the course of the last year, the fund has performed well. It has a one-year return of -4.13%, putting it in the top 3% in the mid-cap growth category, according to Morningstar. And its three-year annualized return of 14.67% puts it in the top 6% in the category.
Since its inception on Dec. 31, 1997, the fund has been managed by Wellington Management Co. of Boston. The fund first closed to new investors June 29, 2001 so that it could remain flexible enough to maintain its investment style.