The Hartford Mutual Funds announced that it has reopened the Hartford MidCap Fund to new investors. The fund, which currently has slightly more than $1.323 billion, according to Morningstar of Chicago, will be available to new investors until August 31, 2002 or until it achieves net news sales of $300 million, whichever comes first.
Despite a negative return over the course of the last year, the fund has performed well. It has a one-year return of 4.13%, putting it in the top 3% in the mid-cap growth category, according to Morningstar. And its three-year annualized return of 14.67% puts it in the top 6% in the category.