MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, February 3, 2004 ING Launches New Fund ING Funds Distributor, the retail unit of ING has launched the ING Principal Protection Fund IX (IPPF IX), a mutual fund with a five-year Guarantee Period. Aeltus Investment Management has been hired to serve as the investment sub-adviser of the fund's portfolio. Mary Ann Fernandez, senior vice president and portfolio strategist will be responsible for overall fund strategy and optimal asset allocation based on a proprietary financial model. Hugh T. Whelan and Douglas E. Cote will co-manage the equity component of the fund. The fixed component will be managed by a team of specialists led by James B. Kauffmann. Investors interested in the fund have until April 15 to make a deposit. The minimum investment is $1,000. A quiet period will follow the offering period, which will run from April 16 to April 21, 2004. During the quiet period, no new deposits will be accepted and assets will remain invested in short-term investments, allowing time to permit settlement of funds. The IPPF IX will also feature an asset-weighted management fee structure. This structure will assess a different management fee to the Equity Component and the Fixed Component. Printed from: MFWire.com/story.asp?s=6604 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |