News
Report from the financial markets from June 2010
19.7.2010
The last week in the month lapsed was negative for stock markets and stock markets lost their previous profits and incurred losses. The main reason for this change in the sentiment and mood were again the growing concerns about strength and duration of the world economic revival. These concerns appeared after the fiscal savings adopted in particular in Europe and which could potentially cause the return to recession in consequence of examining and limiting Government’s expenses and influence the growth of economic revival on a world-wide basis. The portfolio managers of ING IM evaluate the macroeconomic development and the situation on the financial markets in the Czech Republic and Slovakia in June 2010.
Market commentary: Ad van Tiggelen, ING IM investment strategist
After the correction in May, European equities look cheap in a historical context. With price/earnings ratios below the historic average and with many companies paying dividend yields which are higher than their bond yields, there is a lot of value around. Furthermore, the global economy is recovering en corporate balance sheets are strong. So, equities appear to have been punished too harshly for the worries about eurozone sovereign debt. Do investors worry too much?
7.7.2010
The sub-fund « ING International II Slovak Money Market » has been liquidated on June 30, 2010. The redemption value is EUR 37.76 per share (without costs and taxes).
10.6.2010
Shareholders of the Company are hereby informed of the following amendments in relation to the prospectus of the Company (the “Prospectus”) which shall be included in the new Prospectus to be dated June 2010. This announcement is replacing the announcement published here on 31 May and in newspaper "Hospodářské noviny" on 28 May.
20.5.2010
We would like to inform you that because of the bank holiday in Luxembourg on Monday, 24th of May 2010 no ING Funds NAVs will be calculated.
30.4.2010
Due to market holidays in the Japanese market in April 29th and May 3rd, 4th and 5th; the calculation of the NAVs for our fund ING (L) Invest Japan will be suspended.
ING Investment Management commentary - investment strategist Ad van Tiggelen
19.3.2010
Corporate profits are recovering and equity markets seem to have quieted down after the big V-shaped movement in 2008/2009. Is this the first sign of a return to normality? Probably not. At least not in a traditional sense. Last year, the term “a new normal” emerged, pointing to the possibility that the economic reality in the coming years may differ significantly from what we have gotten used to. If so, what would this imply for equity investors?
21.12.2009
In late 2008 and at the start of 2009 no financial market escaped dramatic losses, because investors were reducing risks. In the course of 2009 markets started to diverge again. We expect this to continue. Divergence will colour the themes, on which in our opinion investors will focus in 2010.
17.4.2009
During a bear market, several bear market rallies can occur. In the current bear market, we have seen a second low in March followed by a strong bear market rally. We think there is a reasonable chance of reaching a third low, which could very well be the starting point of a new bull market.
3.12.2008
In October ING Czech Equity Fund achieved the highest possible rating for performance. It was awarded three times five stars by the Morningstar agency in all of the three monitored investment horizons.
22.9.2008
After unprecedented violent days in the financial markets, the US government launched an emergency plan to create a fund that takes bad assets off of financials' books. This is an important step towards restoring confidence in the markets.
8.8.2008
We would like to inform you that because of the bank holiday in Luxembourg on 15.8.2008 no ING Funds NAVs will be calculated.
19.6.2008
The dollar’s recent depreciation against the euro is not unconnected with the structural weakness that the dollar has shown for some time. However, the US dollar remains the only international reserve currency. Is the dollar about to lose this status? If so, will the euro take its place?
19.6.2008
We would like to inform you that because of the bank holiday in Luxembourg on 23.6.2008 no ING Funds NAVs will be calculated.
23.4.2008
We would like to inform you that because of the bank holiday in Luxembourg on 1.5. and 12.5.2008 no ING Funds NAVs will be calculated.
10.3.2008
We would like to inform you that on Friday, 21st March 2008 and also on Monday 24th March our office will be closed for Good Friday and Easter Monday. As a consequence no ING (L) fund´s NAV will be calculated on these days.
All orders received on Thursday, 20th March will be booked with the NAV calculated on Tuesday, 25th March, all orders received on Friday 21st March will be booked with the NAV calculated on Wednesday 26th March 2008.
Effective as of November 6, 2006, the investment strategy of the ING International Czech Equity Fund (ING Visegrad Equity Fund) has been changed. New strategy enables to extend the portolio into following countries: Romania, Bulgaria, Croatia, Slovenia, Latvia, Lithuania and Estonia.