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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