ING Investment Management announced Thursday that it is expanding its ING Funds family by offering investors the newly-developed ING Canadian Dividend Income Fund, a conservative equity fund with the potential for monthly tax-efficient income.

The ING Canadian Dividend Income Fund seeks to invest in mature but growing companies with attractive valuations and regular dividend flows. It is suitable for investors who want to invest in equities but who are concerned by market volatility.

ING Investment Management has run a dividend portfolio mandate for investments of ING Canada for over six years with great success. “We now want to bring this capability to the Canadian public,” said Gerry Merkley, vice president marketing services.

ING Investment Management uses a disciplined approach to screen and select high quality dividend yielding stocks along with a trading strategy engineered to maximize dividend yield.

This new ING Canadian Dividend Income Fund will be offered through ING Direct Funds Limited as well as independent advisors and discount brokerages.