ING DIRECT Rolls Out Six New Funds

Wilmington-Del.-based, ING DIRECT, has added six mutual funds to its on-line line-up. Branded as the “Orange Investments” the new funds include a conservative risk, moderate risk, and growth asset allocated fund, as well as one money market fund, a global real estate fund, and a global equity fund. “We’ve designed our website with a tutorial on investing so the serious saver will take the next step from an Orange Savings Account to Mutual Fund Investing,” said Arkadi Kuhlmann, president and chief executive of ING Direct. An affiliate of Dutch financial services giant ING, ING DIRECT is most readily recognized for its on-line, above-market savings accounts, a company known for its all-online, high-yield interest, savings accounts. The new, no-load funds bring the total ING Direct offering to 15 funds.