Hartford Funds launched a new global exchange traded managed fund, the firm’s first NextShares product, to its investment suite as a way to capitalize on the innovative way to bring actively managed strategies to investors in a cost and tax efficient manner.

On Thursday, Hartford Funds rolled out the Hartford Global Impact NextShares Fund (HFGIC), which seeks long-term capital appreciation by investing in companies throughout the world that it believes are likely to address major social and environmental challenges, according to a note.

Specifically, the Global Impact NextShares Fund will include companies that focus their operations in areas like sustainable agriculture and nutrition, health, clean water and sanitation, affordable housing, education and training, financial inclusion, narrowing the digital divide, alternative energy, resource stewardship and efficiency.

“The Hartford Global Impact NextShares Fund is yet another step we are taking in listening to financial advisor demand for lower-cost, tax-efficient, and innovative products that can help investors reach their goals,” Vernon Meyer, Chief Investment Officer of Hartford Funds, said in a note. “The Hartford Global Impact NextShares Fund allows us to offer actively managed strategies while also providing investors the opportunity to align their portfolios with their values.”

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