Hartford Mutual Fund, has launched three new funds, which include The Hartford Global Real Asset Fund, The Hartford Global All-Asset Fund and The Hartford International Value Fund.

According to the company, The Hartford Global Real Asset Fund provides a long-term total return that outpaces inflation over a macroeconomic cycle by investing in a globally diverse mix of inflation-related equity investments, inflation-linked bonds, and commodities. The portfolio managers have flexibility to adapt to distinct economic environments. The management team is led by Scott Elliott, a senior vice president at Wellington Management with 20 years of professional experience. Other team members include Brian Garvey, Jay Bhutani and Lindsey Thrift Politi.

The Hartford Global All-Asset Fund’s flexible and adaptive investment approach gives portfolio managers the freedom to invest in any country, sector, or asset class, including stocks, bonds, cash, commodity-related instruments, currencies, and derivatives, claimed the company. The fund is also led by Mr Elliott and other team members include Mr Garvey and Stephen Gorman.

The Hartford International Value Fund invests at least 65 % of its assets in equity securities of foreign issuers. It employs a traditional value philosophy to identify common stocks of companies that are financially sound but temporarily out of favor, provide above-average total-return potential; and sell at below-average price-to-earnings ratios. The Fund is managed by Toby Jayne, a vice president at Wellington management with 12 years of professional experience.

Keith Sloane, senior vice president of The Hartford Mutual Funds, said: “We expect these funds to be embraced by advisers whose clients seek active asset allocation, more sophisticated global diversification and long-term growth.”