The new family, known as the ING Advisor Funds, consists of 18 funds. It comprises seven Canadian funds as well as eleven international and global funds, including four RSP-eligible versions. All these funds are available through financial advisors.
The ING Advisor Funds rely on the capabilities of ING's global asset management team, which manages more than CDN$ 550 billion on behalf of institutional, corporate and individual investors around the world. ING Investment Management, with its 1,200 employees located in more than 20 countries, acts as investment advisor to the new funds.
According to Doug Paul, Managing Director of ING Funds, Canadian investors are increasingly demanding high performing international funds managed by highly-structured global investment management teams. By launching this new family, Canadian investors can now benefit from ING's structured proprietary investment process as well as the depth and breadth of its international investment expertise in Canada and around the world.
This is the second ING family of funds available in Canada. In December 1999, ING Direct Funds Ltd. launched three no-load mutual funds. ING Direct Funds are simple to buy over the telephone by consumers who prefer to buy their funds directly. The ING Advisor Funds, on the other hand, are aimed at investors who value the advice of financial advisors in determining their risk profile and the proper asset allocation for their global investments.
Amsterdam-based ING Group is a global leader in integrated financial services, employing more than 100,000 employees in 65 countries. ING comprises a broad spectrum of prominent companies operating close to their customers throughout the world. In Canada, ING companies provide insurance, investment and banking services to two and a half million customers.
Information regarding each of the 18 ING Advisor funds, their objectives, the management style as well as the prospectus is available at www.ingfunds.ca.
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ING Canada launched a new family of mutual funds
February 23, 2001