has opened its sixth Principal Protection Fund. The new offering builds on a product line with $6 billion of assets under management, the company said.
"ING Funds' introduction of IPPF VI is in response to demand among investors, particularly investors focused on wealth preservation," said Bob Boulware
, president of ING Funds Distributor, in a statement.
The fund's offering period will run from today through April 15, 2003 for regular investors and March 14 for IRA rollovers. The five-year guarantee period will then run from April 24, 2003, through April 22, 2008. ING promises that shareholders will receive no less than the NAV amount on April 24, less certain expenses. The guaranty does not apply for shareholders who made transfers or redemptions or failed to reinvest all dividends and capital gains distributions during the guarantee period.
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