ING U.S. introduced the ING Global Perspectives Fund within its Variable Universal Life (VUL) insurance and ING Select Advantage IRA (“Select Advantage”) mutual fund custodial account products.
The Global Perspectives Fund has a standard allocation of 60 percent equity and 40 percent fixed income, but does allow adjustment in uncertain times based on market fundamentals. The strategy behind the adjustment utilizes 10 broadly diversified underlying holdings equally weighted to provide a balance of upside potential and an element of protection in sustained market downswings.
Within ING U.S. Insurance Solutions VUL products, the Global Perspectives Fund is available for both in-force and new policyholders who can place some or all of the cash value portion of their life insurance policy into the strategy.
In gaining access to the, Financial advisors will also have access to education and resource materials, including market commentaries, research, analysis and presentations, that can be shared with clients through the Global Perspectives platform.
The Global Perspectives Fund was available to ING U.S. Insurance Solutions VUL and Select Advantage customers starting May 1, 2013.