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Ibbotson Helps Hartford Set Up Asset-Allocation Funds

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NU Online News Service, July 9, 2004, 3:45 p.m. EDT

Hartford Financial Services Group Inc., Hartford, is joining the rush to set up asset-allocation programs for mutual fund investors.[@@]

The company has introduced The Hartford Allocation Funds, a family of 5 asset-allocation “funds of funds” managed with help from Ibbotson Associates, Chicago.

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The managers will rebalance the funds every quarter to keep each fund true to its investment objective.

Hartford made another asset-allocation program, the Portfolio Planner program, available to its variable annuity customers in November 2003.

Hartford now manages $22 billion in mutual fund assets.