Another mutual fund firm is preparing to move into the ETF business. On Wednesday the Hartford [see profile] filed with the SEC [see filing] to create the Hartford Exchange-Traded Fund Trust and two fixed income passive ETFs within that trust, with more ETFs (including equity ones) hinted at for later.

Hartford's own Hartford Investment Financial Services will advise the two funds (though Hartford may hire sub-advisors; on the traditional mutual fund side, Wellington already does substantial sub-advisory work for Hartford). 

Edited by: Neil Anderson, Managing Editor


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