Hartford Investments Canada Corp, the manager of Hartford Mutual Funds has lowered the minimum investment for Hartford DCA Advantage Program to $5,000 from $10,000, effective immediately.

This change will enable investors to take advantage of the program in their Tax Free Savings Accounts, Hartford said Monday.

The Program pays investors a premium interest rate on money waiting to be invested on a set six-month or 12-month dollar cost averaging schedule.

Hartford also announced that effective March 4, two new series will be offered for sale. The first is a new Six-Month Series 5 of each class of DCA units of Hartford Canadian Money Market Fund, with an “Advantage Yield Rate” of 3%. The second is a new 12-Month Series 2 of each class of DCA units with an “Advantage Yield Rate” of 2%. Two existing series will no longer be available for sale after March 3, 2009. The first is the Six-Month Series 4 of each class of DCA units, with an “Advantage Yield Rate” of 5%; and the second is the 12-Month Series 1 of each class of DCA units, with an “Advantage Yield Rate” of 4%.

Delaying the rate change until after the RSP season will ensure investors who use Hartford DCA Advantage Program as part of their 2008 RSP contributions will benefit from a higher “Advantage Yield Rate.” Existing Hartford DCA Advantage Program allocations currently in their six-month and 12-month purchasing cycles will be unaffected by changes to the “Advantage Yield Rate.”

IE