MINNEAPOLIS , May 6, 2013 /PRNewswire/ -- ING U.S. announced today that it has introduced a new investment strategy within its Variable Universal Life (VUL) insurance and ING Select Advantage IRA ("Select Advantage") mutual fund custodial account products. The ING Global Perspectives Fund ("Global Perspectives Fund"), managed by Douglas Cote, Chief Market Strategist at ING U.S. Investment Management, offers a balanced approach to asset allocation with a focus on broad diversification and tactical allocation changes based on key market drivers. The Global Perspectives Fund was available to ING U.S. Insurance Solutions VUL and Select Advantage customers starting May 1, 2013.
"Adding the Global Perspectives Fund to our line-up of options sets us apart in the market and brings a compelling investment strategy to our customers and distribution partners," said Butch Britton, chief executive officer of ING U.S. Insurance Solutions. "In today's economic environment, an investment strategy with the ability to adjust based on pre-defined market signals can be very appealing. We're thrilled to be leveraging the expertise of ING Investment Management to deliver this popular solution. This is a great example of the synergies and distinctive value offered by our compelling mix of businesses."
ING Global Perspectives was introduced in 2011 on the advisory platform of the ING Financial Partners broker-dealer network. After strong acceptance of the strategy by financial advisors, this expansion to new markets extends its reach and application.In its current investment mix, the Global Perspectives Fund has a standard allocation of 60 percent equity and 40 percent fixed income. Yet, the tactical element of the strategy allows it to adjust in uncertain times based on market fundamentals. The strategy utilizes ten broadly diversified underlying holdings that are equally weighted to provide a balance of upside potential and an element of protection in sustained market downswings.