ING has launched a new fund subadvised by Julius Baer Investment Management. The ING Foreign Fund, a core international mutual fund, opened to new investors today. Julius Baer's Rudolph-Riad Younes and Richard Pell are the portfolio managers of the fund.
The two portfolio managers won Morningstar's "2002 International Stock Managers of the Year" award, a fact that ING is happily using in its efforts to build awareness of the fund.
"The ING Foreign Fund represents an outstanding and timely offering for financial advisors and brokers who have clients with a growing appetite for equity exposure, and an interest in international investment opportunities," said Bob Boulware, president and CEO, ING Funds Distributor. "The reputation of Julius Baer, the track record of the Fund's portfolio managers, plus the current attractiveness of international equities, may make the ING Foreign Fund a compelling investment, particularly for investors who prefer to have only one or two core international holdings in their investment portfolio."
"At Julius Baer we have a team of portfolio managers that are focused on seeking out the best investment ideas in international markets," said Glen Wisher, managing director, Julius Baer Investment Management Inc. "In the current market environment we continue to find compelling investment opportunities, and see international markets providing both return and diversification benefits. We are delighted to offer our international expertise to the ING Foreign Fund and look forward to working with such a reputable organization."
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