ING Mutual fund has announced a change in name of its funds: ING Select Stocks Fund, ING ATM Fund and ING Income Fund Short Term, with effect from March 15, 2008.
ING Select Stocks Fund is an equity diversified fund, launched in May 1999 and has offered a return of 33.71 per cent for the three year period ending March 10, 2008.The name of the fund will change to ING Core Equity Fund.
ING A.T.M Fund is another equity diversified fund launched in February 2006 and has offered a return of 21.57 per cent for the one year period ending March 10, 2008. The name of the fund will change to ING Contra Fund.
ING Income Fund is a short term debt fund launched in August 2002.It has offered a return of 7.56 per cent for the three year period ending March 10, 2008. The fund’s name will change to ING Short Term Income Fund.