Hartford Longevity Economy ETF (HLGE)

Overview

The Hartford Longevity Economy ETF (OLDL) seeks to track the performance of the Hartford Longevity Economy Index, which focuses on companies benefiting from the aging population. It targets sectors like healthcare, consumer staples, and financial services that cater to the needs of older adults. The ETF offers exposure to companies poised to benefit from demographic shifts related to increasing life expectancy.

Reputation and Reliability

Hartford Funds is a well-established investment management firm with a history of providing various investment products.

Management Expertise

Hartford Funds has a team of experienced professionals managing its ETF offerings, leveraging their expertise in portfolio construction and investment strategy.

Goal

To provide investment results that correspond to the performance of the Hartford Longevity Economy Index.

Investment Approach and Strategy

Strategy: The ETF aims to track the Hartford Longevity Economy Index, a rules-based index that identifies companies expected to benefit from the increasing longevity of the global population.

Composition The ETF primarily holds stocks of companies operating in sectors such as healthcare, consumer staples, financials, and technology, all of which are relevant to the needs and preferences of older adults.

Market Share: Data unavailable to compute market share at this point.

Total Net Assets (AUM): 30900000

Key Competitors

• Global X Aging Population ETF (GNGE)

Competitive Landscape

The ETF industry focused on demographic trends is competitive, with a few key players offering exposure to similar investment themes. OLDL differentiates itself through its specific index and sector allocations related to the 'longevity economy', while competitors like GNGE may have different index methodologies or sector concentrations. The competitive landscape also considers AUM, expense ratios, and trading volumes.

Historical Performance: Historical performance data is readily available from financial data providers. Investors should consult these sources for specific performance metrics over various time periods.

Benchmark Comparison: Performance should be compared to the Hartford Longevity Economy Index to assess tracking efficiency.

Expense Ratio: 0.39

Average Trading Volume

The ETF's average trading volume reflects its liquidity, indicating the ease with which shares can be bought or sold.

Bid-Ask Spread

The bid-ask spread represents the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept.

Market Environment Factors

Economic indicators like interest rates, inflation, and GDP growth, along with sector-specific growth prospects in healthcare and consumer staples, influence OLDL's performance. The aging global population and related trends directly impact the demand for the products and services offered by the companies held in the ETF.

Growth Trajectory

Growth trajectories are linked to changing demographics, technology shifts, and consumer trends.

Competitive Edge

OLDL's competitive edge lies in its targeted exposure to the longevity economy, focusing on companies benefiting from the aging population. Its strategic sector allocations in healthcare, consumer staples, and financials differentiate it from broader market ETFs. The underlying index methodology for selecting companies poised to benefit from longevity trends can provide an advantage. The Hartford Funds brand also lends credibility to the ETF.

Volatility

OLDL's volatility reflects its price fluctuations, influenced by market conditions and sector-specific risks.

Market Risk

Specific risks include sector concentration risk (healthcare, consumer staples), demographic shifts that may not materialize as expected, and overall market downturns affecting equity valuations.

Ideal Investor Profile

The ideal investor is one seeking exposure to the demographic trend of an aging population and its potential impact on various industries. Suitable for those with a long-term investment horizon and an interest in healthcare, consumer staples, and financial sectors.

Market Risk

Suitable for long-term investors seeking thematic exposure, and those who believe in the demographic shift toward an aging population.

The Hartford Longevity Economy ETF (OLDL) offers targeted exposure to companies expected to benefit from the aging global population. The ETF tracks the Hartford Longevity Economy Index and is suitable for investors looking for long-term thematic exposure. It primarily invests in sectors such as healthcare, consumer staples, and financials. Investors should consider its expense ratio, liquidity, and potential risks associated with sector concentrations.

Data Sources:

• Hartford Funds website
• ETF.com
• Morningstar

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.