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
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
