NU Online News Service, Sept. 3, 2003, 3:45 p.m. – The Hartford Mutual Funds Inc., Simsbury, Conn., has introduced The Hartford Equity Income Fund, a mutual fund that will invest in established, out-of-favor companies that pay dividends or expect to pay dividends within the next 12 months.
The fund will help investors take advantage of the new, 15% maximum federal tax rate on capital gains, Hartford Mutual Funds says.
The fund is managed by Wellington Management Company L.L.P., Boston.
Hartford Mutual Funds is a unit of Hartford Financial Services Inc., Hartford.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.