ING Investment Management announced Thursday 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.

According to Gerry Merkley, vice president of marketing services, dividend funds have historically provided a measured approach in down markets and benefited during market rallies. "Dividend funds," Merkley said, "are an important component of well-diversified portfolios, since they generally provide more stability than other equity funds."

According to company officials, "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."

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

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