Investors looking for a fund of funds specializing in international stocks have a new choice. ING Funds has taken the wraps off ING Diversified International a fund that will offer multiple investment managers within one fund.

The Scottsdale, Arizona-based fund arm of ING U.S. Financial Services will offer the fund-of-funds through financial advisors who seek a simple solution for clients wanting a broadly diversified international equity portfolio.

"Some of the most attractive opportunities for investors are in the global marketplace; however building an international portfolio that is appropriately diversified and expertly managed, can be challenging, intimidating, and cost prohibitive for most people," said Bob Boulware, president and CEO of ING Funds.

ING uses a proprietary asset allocation overlay that reallocates the portfolio taking into account global market changes. The six subadvisors selected for the fund include: NWQ Investment Management Company; ING Investment Management; Julius Baer Investment Management LLC; Brandes Investment Partners, L.P.; Acadian Asset Management Inc. and Hansberger Global Investors Inc.

The six were selected based on their investment expertise. Specialties covered by the managers include international value, international growth, international small-cap, emerging countries.

Each of the managers has a mandate which allows authority to research, select, and monitor stocks within their respective funds. ING asset allocation professionals determine and regularly re-adjust the mix of the individual funds.  

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