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Rating:ING Plans to Take Two Funds Off the Menu Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 29, 2010

ING Plans to Take Two Funds Off the Menu

Reported by Armie Margaret Lee

ING [see profile] is pulling the plug on two of its mutual funds. The board of trustees of ING Mutual Funds on November 18 gave the go-ahead to liquidate the ING Asia Pacific Real Estate Fund and ING European Real Estate Fund. [ SEC filing]

ING officials expect the liquidations to occur on or about February 1, 2011.

The Asia Pacific Real Estate Fund currently has $5.9 million of AUM and the European Real Estate Fund has $4 million, according to Morningstar. 

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