Hartford Longevity Economy ETF (HLGE)

Overview

The Hartford Longevity Economy ETF (OLD) seeks to track the performance of an index comprised of companies that are positioned to benefit from demographic and societal trends related to the aging population and increased life expectancy. It focuses on companies involved in healthcare, pharmaceuticals, biotechnology, senior living, and related industries.

Reputation and Reliability

Hartford Funds is a well-established asset manager with a history of providing various investment solutions. They are generally regarded as a reliable provider of ETFs and mutual funds.

Management Expertise

Hartford Funds has a team of experienced investment professionals managing its ETF lineup, leveraging their research and expertise to construct and manage the fund.

Goal

The primary investment goal is to provide investment results that, before fees and expenses, correspond to the total return of the Hartford Longevity Economy Index.

Investment Approach and Strategy

Strategy: OLD aims to replicate the performance of the Hartford Longevity Economy Index, a rules-based index designed to capture companies benefiting from the 'Longevity Economy'.

Composition The ETF holds a diversified portfolio of stocks across various sectors, primarily in healthcare, consumer discretionary, and financials, selected based on their exposure to the aging population theme.

Market Share: OLD's market share in the longevity-themed ETF space is moderate, with increasing competition from other similar funds.

Total Net Assets (AUM): 188000000

Key Competitors

• Global X Aging Population ETF (AGNG)
• Defiance Next Gen Connectivity ETF (FIVG)

Competitive Landscape

The longevity ETF market is moderately competitive, with several funds vying for investor attention. OLD competes on its specific index construction and targeted exposure. Advantages include Hartford's brand recognition, while a disadvantage might be relatively lower AUM compared to some competitors.

Historical Performance: Historical performance data is available through financial data providers and varies depending on the time period. Refer to financial data sources for specific numbers.

Benchmark Comparison: OLD's performance should be compared against the Hartford Longevity Economy Index. The effectiveness of the fund is determined by how closely it tracks the index.

Expense Ratio: 0.39

Average Trading Volume

The average trading volume is moderate, allowing for relatively easy entry and exit for most investors.

Bid-Ask Spread

The bid-ask spread is generally tight, indicating efficient trading and low transaction costs.

Market Environment Factors

Economic factors like interest rates, inflation, and overall economic growth, as well as sector-specific trends in healthcare and biotechnology, impact OLD. Demographic trends related to aging populations also play a crucial role.

Growth Trajectory

The growth trajectory of OLD depends on the increasing awareness of longevity trends and investment flows into thematic ETFs. Changes to the fund strategy and holdings are regularly reviewed and implemented to keep with index alignment.

Competitive Edge

OLDu2019s competitive advantages are rooted in its specific index methodology, the Hartford Funds brand, and focus on the longevity economy. It offers exposure to companies that are projected to benefit from the increasing aging population, potentially providing a unique investment proposition. The expense ratio is competitive. However, this ETF is reliant on accurately identifying trends and future beneficiary companies.

Volatility

Historical volatility can be assessed using standard deviation and beta metrics available from financial data providers.

Market Risk

Market risk includes general stock market declines and sector-specific risks in healthcare and biotechnology, as well as the risk that companies identified as benefiting from the longevity economy may not perform as expected.

Ideal Investor Profile

The ideal investor is someone seeking exposure to the demographic trend of an aging population, interested in healthcare and related sectors, and comfortable with moderate risk.

Market Risk

OLD is suitable for long-term investors seeking thematic exposure as part of a diversified portfolio. It could also be appropriate for passive index followers looking for a specific investment theme.

Hartford Longevity Economy ETF (OLD) offers targeted exposure to companies poised to benefit from the aging population. It seeks to mirror the performance of the Hartford Longevity Economy Index. The ETF carries sector-specific risks and moderate volatility. It is ideal for long-term investors seeking thematic investment, but investors should weigh its returns against others. Its expense ratio is slightly lower than its competitors.

• AGNG
• LIVV
• GENE
• IHAK

Data Sources:

• Hartford Funds website
• ETF.com
• Morningstar
• Yahoo Finance

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Investors should conduct their own due diligence before making any investment decisions. Market share data are estimates and may vary.