Hartford Funds has launched two low-volatility multifactor exchange-traded funds, the company announced on Thursday.
The Hartford Multifactor Low Volatility US Equity ETF (LVUS) and Hartford Multifactor Low Volatility International Equity ETF (LVIN) are designed to deliver market-like equity returns while reducing portfolio volatility to help investors achieve their long-term financial goals, the Radnor, Pa.-based company said in a press release.
LVUS tracks an index that tracks the performance of exchange traded U.S. equity securities and sports an expense ratio of 0.29 percent. LVIN tracks the performance of companies located in both developed (ex-US) and emerging markets, and carries an expense ratio of 0.39 percent.
Hartford Funds offers mutual funds, ETFs, and 529 college savings plans. It entered the ETF space in May 2016 with its purchase of Lattice Strategies and its four existing strategic beta ETFs. It now offers nine ETFs in the categories of domestic equity, global international equity and fixed income.