Hartford Financial Services Group has its sights set on growing its mutual fund business. The company, primarily known for its insurance products and annuities, aims to beef up its fund complex through organic growth, although the company will likely add new funds and considers acquisitions, Reuters reports.

"Over the next several years, the vast majority [of growth] is going to come from organic growth," said John Walters, executive vice president and director of the investment products division.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.