With effect from 17 May 2010
ING Mutual Fund has announced that ING Global Real Estate Fund (open
ended Fund of Funds Scheme) and ING Latin America Equity Fund (open
ended Fund of Funds Scheme), which are currently being managed under
the Single Manager Investment division, be shifted to the Multi Manager
Investment division with effect from 17 May 2010. Subsequent upon this
change:
Mr. Deepak Arackal would cease to be the Fund Manager of these
schemes and Mr. Arvind Bansal would be the new Fund Manager for these
schemes with effect from the aforesaid date.
On the other hand, Standard Chartered Bank would cease to be the
Custodian for these schemes and Deutsche Bank AG would be the new
Custodian for these schemes with effect from the aforesaid date.