ING's four most recent Principal Protection Funds have attracted more than $2.
ING's Principal Protection Funds continue to be an attractive investment option for investors focused on wealth preservation," said Bob Boulware, president of ING Funds Distributor, LLC, distributor for the Fund.
Given the continued market volatility, we had anticipated a high level of interest among investors in our first four Aetna Principal Protection Funds -- and we weren't disappointed.
Aetna Index Plus Protection Fund differs from the previous Aetna Principal Protection Funds in that, after the Guarantee Period, an enhanced index strategy is employed.
Like the other Aetna Principal Protection Funds, Aetna Index Plus Protection Fund is not a balanced fund which is required to maintain a predetermined allocation between equity and fixed-income securities.
The new fund follows two prior principal protection funds offered through the former Pilgrim Funds, which were renamed ING Funds effective March 1, 2002.
Due to the extended bear market and investors' increasing appetite for more conservative investment alternatives, the first and second principal protection funds were highly appealing," said Jim Hennessy, president and CEO, ING Funds.
Financial Services, announced today the launch of the ING Principal Protection Fund III (IPPF III), a mutual fund with a period of guarantee of principal.
Combined sales of Aetna Principal Protection Funds I, II and III were more than $400 million.
Aetna Principal Protection Fund IV is being offered to investors for just thirteen weeks - from July 6, 2000 to September 6, 2000 - with a Guarantee Period running from September 7, 2000 through September 6, 2005.
Aetna Principal Protection Fund III is being offered to investors for just thirteen weeks from March 1, 2000 to May 30, 2000 - with a Guarantee Period running from June 1, 2000 through May 31, 2005.
Consistent with the first two offerings, what makes this fund unique is that, unlike a balanced fund, which is required to maintain a predetermined allocation between equity and fixed-income securities, Aetna Principal Protection Fund III allocates assets according to prevailing market conditions.