Hartford MidCap Fund Reopens to Institutional Investors

The Hartford MidCap Fund (HMDYX) seeks to outperform the S&P MidCap 400 Index by investing in high-quality, established mid-cap companies with good balance sheets, strong management teams, and market leadership in their industry, the company said in an announcement.

Portfolio Manager Phil Perelmuter, who has managed The Hartford MidCap Fund since its inception in 1997, believes the fund is well positioned to accept new assets. “There are a lot of attractively priced mid-cap companies,” Perelmuter said. “Opening the fund to new investors will help allow us to take advantage of these opportunities.’

The fund, sub-advised by Wellington Management Company, LLP has outpaced its benchmark (the S&P MidCap 400 Index) in nine of the last 11 calendar years, and has also outperformed its Lipper peer group (Lipper MidCap Core) in nine of the last 11 calendar years, the company noted.