ING IM launches push with new funds
ING Investment Management (ING IM) has launched two Australian equity funds as part of what it describes as a renewed strategy to enter the Australian wholesale investment market.
It said the move represented the next step in the evolution of ING IM as a standalone investment management firm following ING Group’s decision last year to separate its banking and insurance and investment management operations and the sale of its 51 per cent stake in ING Australia to ANZ.
Announcing the launch of the new funds, ING IM’s deputy chief executive, Martin Donnelly, said it signalled a new era for the Australian business as the sole provider of funds management capabilities to the wholesale market under the ING brand.
“The ongoing commitment to financial planners and their clients is [a focus on delivering] superior investment returns, backed by a unique servicing model,” he said.
Donnelly flagged further announcements as part of what he said were ambitious plans for the wholesale business.
AUTHOR
Mike Taylor
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