TORONTO, April 7, 2014 /CNW/ - As a result of the upcoming name change to Tangerine, ING DIRECT's Streetwise Portfolios will be called Tangerine Investment Funds.
Details of the name changes to the Portfolios:
- ING DIRECT Streetwise Balanced Income Portfolio will be called Tangerine Balanced Income Portfolio
- ING DIRECT Streetwise Balanced Portfolio will be called Tangerine Balanced Portfolio
- ING DIRECT Streetwise Balanced Growth Portfolio will be called Tangerine Balanced Growth Portfolio
- ING DIRECT Streetwise Equity Growth Portfolio will be called Tangerine Equity Growth Portfolio
"Other than the new names, everything Canadians have come to know and love about our investment portfolios will remain the same," said Rob Landry, president, of Tangerine Investment Management Inc. "The portfolios will continue to offer great value – with diversified investments and built in rebalancing – via our straight forward, index investing model."
In November 2012, The Bank of Nova Scotia completed its acquisition of ING Bank of Canada, with one of the terms of the transaction being that ING DIRECT change its name. The bold new name, Tangerine, reflects the brand's progressive position in the financial services industry. Tangerine makes it simple to invest, simple to save, simple to understand, and simple to conduct everyday banking.
About Tangerine Investment Funds
Tangerine Investment Funds are exclusively offered by Tangerine Investment Management Inc. (formerly known as ING DIRECT Asset Management Limited). Tangerine Investment Funds Limited (formerly known as ING DIRECT Funds Limited) is the principal distributor of Tangerine Investment Funds. Both firms are wholly-owned subsidiaries of Tangerine Bank. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Mutual funds are not insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, and are not guaranteed by Tangerine Bank, or any other Canadian financial institution.
Tangerine is a direct bank that delivers simplified everyday banking to Canadians. With more than 1.9 million clients and close to $38 billion in total assets, we are Canada's leading direct bank. Tangerine offers flexible and accessible banking, innovative products and services, fair fees, and award-winning client service. From chequing and savings accounts, GICs, RSPs, TFSAs, mortgages and mutual funds, Tangerine has the everyday banking products Canadians need. With over 1,000 employees in Canada, our presence extends beyond our web site and mobile app to our 24/7 contact centres and Café locations. Tangerine was launched as ING DIRECT Canada in 1997. In 2012 it was acquired by The Bank of Nova Scotia, and operates as a wholly-owned subsidiary. For more information, visit tangerine.ca
SOURCE: ING DIRECT
For further information: Lisa Naccarato, Tangerine, 416-758-5072, email@example.com