3 Strong Buy Hartford Mutual Funds to Boost Your Portfolio

HIG HRAAX HDMBX

The Hartford Financial Services Group, Inc. (HIG - Free Report) was founded in 1810 and is recognized as a renowned insurance company in the U.S. The company believes that “human-centric investing can create solutions and advisor tools that not only strengthen bottom lines, but [also] strengthen advisor-client relationships by helping investors better realize their true life goals.”

Hartford Funds – a segment of Hartford Financial Services – has total assets of $77.9 billion under management (as of September 30, 2016). The company claims to manage more than 55 funds across a wide range of styles and asset classes.

Below we share with you three top-ranked Hartford mutual funds. Each has earned a Zacks Mutual Fund Rank #1(Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Hartford funds.

Hartford Global Growth HLS IB seeksappreciation of capital. The fundmaintains a diversified portfolio by investing a bulk of its assets in common stocks of those companies that are located throughout the world, which may also include the United States. Hartford Global Growth HLS IB returned 17.8% over the last one-year period. 

HBGLX has an expense ratio of 1.07% compared with the category average of 1.13%.

Hartford Small Company HLS IB (HDMBX - Free Report) invests mostly in common stocks that have potential for growth of capital. HDMBX is expected to invest the lion’s share of its assets in common stocks of small-cap companies that are included on the Russell 2000 and S&P SmallCap 600 Indices. The fund may also invest in securities of non-U.S. companies.  Hartford Small Company HLS IB returned 20.7% over the last one-year period.

Mammen Chally is one of the fund managers of HDMBX since 2010. 

Hartford Growth Allocation A (HRAAX - Free Report) seeks growth of capital for the long run. The fund invests in various other mutual funds and ETFs, which are advised by Hartford Funds Management Company, LLC. The Investment Manager allocates around 65–95% of its assets in equity securities and approximately 5–35% of assets to fixed income bonds. Hartford Growth Allocation A returned 12.1% over the last one-year period.

As of March 2017, HRAAXheld 15 issues, with 16.13% of its assets invested in

Hartford Core Equity Y

To view the Zacks Rank and past performance of all Hartford mutual funds, investors can click here to see the complete list of funds.

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