Hartford Funds is expanding its suite of Lattice exchange traded fund strategies to help investors enhance portfolios and diminish volatility or drawdown risks to potentially improve total risk-adjusted returns.

Hartford Funds recently came out with the Lattice Real Estate Strategy ETF (NYSEArca: RORE), a multi-factor, smart-beta ETF based on a combination of factors, like quality, momentum and value, that tries to deliver competitive yield and improved return potential in U.S. real estate investment trusts.

“This was a very timely effort. Demand for REITs are increasing as there’s an increased demand for diversified yield,” Darek Wojnar, Head of ETFs at Hartford Funds, told ETF Trends in a call.

SEE MORE: A New Smart-Beta REITs ETF to Capture a Growing Sector

Wojnar explained that RORE provides an attractive alternative to traditional market cap-weighted exposure, which may cause investors to be overweight the largest or most overvalued companies in the space. Alternatively, the smart-beta REITs ETF focuses on quality and momentum to provide a more diversified approach to the sector. The REIT ETF also minimizes exposure to holdings, so it is less top heavy with a 20% tilt toward the top 10 positions.

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