ING Direct Asset Management Ltd., the manager of the ING Direct Streetwise Portfolios, Monday announced a portfolio advisor change for its funds.

Effective immediateley, State Street Bank and Trust Company will become a portfolio advisor to the ING Direct Streetwise Portfolios.

ING Direct Asset Management Ltd. has been operating in Canada since 2008 and has over $1 billion in assets under management. It is a wholly owned subsidiary of ING Bank of Canada.