ING Funds launches the ING Diversified International Fund

January 10, 2006 Scottsdale, Ariz. Share: Print Subscribe to Email Alerts

ING Funds, part of ING U.S. Financial Services (NYSE: ING), today announced that it has launched the ING Diversified International Fund, a fund-of-funds designed to provide financial advisors and their clients with easier access to some of the world’s most respected international money managers in one broadly diversified international equity portfolio.

“Some of the most attractive opportunities for investors are in the global marketplace; however building an international portfolio that is appropriately diversified and expertly managed, can be challenging, intimidating, and cost prohibitive for most people,” said Bob Boulware, President and CEO of ING Funds.

ING created the ING Diversified International Fund as part of its initiative to make international investing easier for U.S. investors. The ING Diversified International Fund is a broadly diversified international equity portfolio within a single mutual fund. The Fund includes access to equities in a range of international sub-asset classes, plus a proprietary asset allocation overlay that reallocates the portfolio taking into account global market changes.

ING selected six international asset managers for the underlying funds based upon their expertise in international sub-asset classes such as international value, international growth, international small-cap, emerging countries, and other specialities. The individual fund managers — each an authority in their category — research, select, and monitor stocks within their respective funds. ING asset allocation professionals determine and regularly re-adjust the mix of the individual funds. The international specialists managing the underlying funds include: NWQ Investment Management Company; ING Investment Management; Julius Baer Investment Management LLC; Brandes Investment Partners, L.P.; Acadian Asset Management Inc. and Hansberger Global Investors Inc.

“ING Funds launched this Fund to provide financial advisors with an easier solution for incorporating a diverse international allocation within their clients’ portfolios,” said Boulware. “ING is a leader in global asset management, and the ING Diversified International Fund is an extension of that core competency. By reducing the complexity of international investing, we are providing financial advisors with an opportunity to expand their clients’ investment horizons.”

For more information about ING Funds, visit www.ingfunds.com

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Press inquiries

Christina Divigard, 860 723 2293, christina.divigard@us.ing.com

About ING

ING is a global financial institution of Dutch origin offering banking, insurance and assetmanagement to over 60 million private, corporate and institutional clients in 50 countries. With a diverse workforce of over 113,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

About the ING Diversified International Fund

Principal Risk(s): The Fund is new and has no performance history. You could lose money on an investment in the Fund. The Fund may be affected by the following risks, among others:

Asset Allocation: The Fund may allocate assets to a fund or market that underperforms other asset classes.

Affiliated Funds: The Fund may select and substitute Underlying Funds and may be subject to potential conflicts of interest based upon the fact that fees paid to ING Investments by some Underlying Funds may be higher than fees paid by other Underlying Funds. ING Investments is a fiduciary to the Fund and is legally obligated to act in the Fund's best interests.

Price Volatility: Equity securities face market, issuer and other risks, and their values may unpredictably and rapidly fluctuate. Market risk involves securities potentially declining in value due to factors affecting various markets and industries. Issuer risks involve securities potentially declining in value due to reasons related to the issuer, such as changes in financial condition. Equities typically offer greater potential long-term growth than most debt securities, but have a generally higher volatility. The Fund may also invest in small and mid-sized companies, which may have greater price volatility than larger companies due to a limited product or market diversification or less financial resources.

Market Trends: The market may not favor growth or value oriented securities, and may favor instead securities in which the Underlying Fund is not invested.

Foreign Investing: Foreign investing may be riskier than U.S. domestic investments, due to currency exchange rates, unstable political and economic conditions, a lack of company information, differences in how foreign securities markets operate, less secure foreign banks and depositories, less standardized accounting practices. Foreign investments may be adversely affected by delays in clearing and settling transactions. Hedging strategies to reduce risk may not perform as expected. Foreign investments typically are more volatile than purely domestic investments, and such risks are intensified for investments in emerging markets, including greater economic and political instability, and more difficulty in buying and selling securities in such emerging markets.

For more complete information on the ING Diversified International Fund, or to obtain a prospectus on any ING fund, please call your Investment Professional or ING Funds Distributor, LLC at (800) 992-0180 or log on to www.ingfunds.com. The prospectus should be read carefully before investing. Consider the fund’s investment objectives, risks, and charges and expenses carefully before investing. The prospectus contains this information and other information about the fund. Check with your Investment Professional to determine which funds are available for sale within their firm. Not all funds are available for sale at all firms.