Hartford Funds, a prominent global asset manager, has announced the expansion of its exchange-traded funds (ETFs) offerings through the launch of the Hartford Quality Value ETF (QUVU). QUVU is the outcome of Hartford Funds’ first mutual fund to ETF conversion and represents an actively managed, fully transparent equity ETF.
Maintaining the same philosophy, process, and portfolio management team as the Hartford Quality Value Fund (the mutual fund from which it converted), QUVU is a traditional large-cap value fund with a focus on investing in high-quality, undervalued companies that are believed to be in out-of-favor industries. The strategy aims to offer a value investing approach with reduced downside risk compared to the overall market.
QUVU is sub-advised by Wellington Management, a long-standing partner with Hartford Funds for over 25 years. The portfolio management team includes Matthew G. Baker, Nataliya Kofman, and Brian J. Schmeer, who collectively bring 64 years of industry experience, 43 of which have been with Wellington.