News

Financial advisers to blame for over-subscription to frozen ING funds

Friday 24th of July 2009

Greenslade said "advisers took what they wanted" from a Morningstar report to try and boost investment in the Regular Income Fund (RIF).

The Morningstar report, prepared in April 2007, suggested around 25% of a defensive portfolio could be invested in RIF, but it did not include an allocation to ING's other CDO fund, the Diversified Yield Fund (DYF).

"The issue is, those advisers...

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