Hartford Adds Balanced Fund to 529 Lineup

October 2, 2009 (PLANSPONSOR.com) - The Hartford SMART529, offered by the West Virginia College Prepaid Tuition and Savings Program Board of Trustees, has unveiled a Checks and Balances investment portfolio.

The new portfolio is a two-thirds-equity, one-third fixed-income option for moderately aggressive investors who want to combine stock market opportunity with the protection of bonds, Hartford said in a news release. The portfolio invests one-third in The Hartford Capital Appreciation Fund, The Hartford Dividend and Growth Fund, and The Hartford Total Return Bond Fund.

“As we start to emerge from the financial crisis, advisers and their clients are looking for innovative ways to save for college,” said Jeff Coghan, assistant vice president of 529 plans at The Hartford, in the news release.

The 529 offering has over 100,000 accounts and $1.1 billion assets under management as of September 15, 2009, according to the announcement. Its investment options invest primarily in The Hartford Mutual Funds.

More inforfmation is at www.hartfordinvestor.com .