GLOBAL - US investment and insurance company The Hartford has selected six UK fund managers as investment partners for its UK investment products.
Hartford Life Limited, The Hartford’s UK operation, named Barclays, Fidelity, Invesco Perpetual, Investec, New Star and Schroders as the six firms who will manage the funds for Hartford’s investment bond product, Hartford Gold.
Lincoln Collins, chief executive of Hartford Life Limited, said: “We have chosen six of the best-performing brand names in the UK to manage funds for our investment bond product, Hartford Gold. When combined with our commitment to superior customer service, our proposition will enable us to build significant market share in the long-term savings and retirement market.”
He continued: “We believe in the importance of asset allocation. By joining forces with leading fund managers with different investment styles, strengths and asset focus, we not only ensure that our customers receive ‘best of breed’ fund management, but also that their investments can be fully diversified within our product.”
The Hartford announced in February that it was expanding its operations into the UK market, focussing on the long-term savings and retirement market with, initially, a unit-linked investment bond. The bond, to be launched later this year, will be sold solely through intermediaries.
The Hartford has been providing unit-linked bonds in the US since 1993.
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