Hartford Canadian Dividend Growth Fund will re-open to new investment, effective November 2, Hartford Investments said Thursday.

The fund, which is sub-advised by Regina-based Greystone Managed Investments, was capped to new investment in May 2008.

“Holding dividend paying companies can significantly enhance returns for investors, but what we like about this fund is the added benefit of Greystone’s focus on companies that are growing earnings,” says Laurie Davis, CEO of Hartford Investments. “That difference and Greystone’s long-term track record are why so many advisors and their clients will be happy to see the fund re-opened.”

The fund was capped based on capacity constraints related to how Greystone manages the portfolio, Hartford explains. As the fund is a concentrated portfolio of 25 Canadian dividend-paying companies, Greystone believes its ability to move in and out of positions in a timely manner is critical to the fund’s performance. Greystone has assessed liquidity and trading volumes in securities held in the fund, as well as volumes of potential positions, and determined that opening the fund to new investment at this time is appropriate.

Once opened, the fund will be available in Series A (front end load), Series B (back end and low load) and Series F (fee-based) versions.

IE