News

Two more ING funds closing

Wednesday 10th of December 2008
It says that it is to wind up the $27 million Enhanced Yield Fund (EYF) and the $8 million Credit Opportunities Fund (COF).

ING NZ chief executive Helen Troup says there is no investor demand for credit funds, and some such as the COF were seeing large levels of redemptions. For instance ING received redemption requests worth $1 million for the EYF fund on Tuesday.

It hadn’t helped that...

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