ING Investment Management, Inc. is enhancing the offering of its Ensemble Portfolios to better reflect investors’ preferences and expectations. Ensemble Portfolios’ unitholders will receive notification of the details of these changes shortly.

The Ensemble Portfolios currently consist of six all-equity “fund-of-funds” which invest in funds of three global investment managers, ING, AIM and Fidelity. Enhancements to the Ensemble Portfolios will include the addition of a fixed income component, the ING Canadian Bond Fund, as well as an allocation service that will automatically rebalance the investments between the equity and the fixed income components. The target weightings and the underlying funds in which each portfolio invests will be modified on Sept. 30.

The addition of the ING Canadian Bond Fund as a fixed income component will allow Ensemble Portfolio investors and their financial advisors to benefit from a more flexible wrap-like program, says Doug Paul, ING Funds’ managing director.

While commissions and trailing commissions on Investor Class units will be increased, both the management fees and the expenses charged to the funds will remain the same.
Later this year, investors will also have the opportunity to make switches between the Ensemble Portfolios and the ING Funds to allow for even greater flexibility.