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ING IM Liquid Euro Fund reaches EUR6bn AUM

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ING Investment Management Europe’s (ING IM) flagship AAA rated short-term money market fund has reached the key milestone of EUR6bn in assets under management (AUM).

Standing at just over EUR4.7bn by the end of 2011, the fund was bolstered by significant net inflows from corporate clients in Belgium, France and the Netherlands at the back end of last year.
 
The fund has nearly doubled in size since the end of 2010 when total assets under management stood at EUR3.662bn.
 
Wim Veraar, Head of Money Markets at ING Investment Management, says: “This is a significant milestone. EFAMA statistics show that overall assets under management of money market funds are shrinking in Europe yet, thanks to the good risk adjustment on the fund and defensive positioning, we have managed to buck the trend. This market is very volatile but, with careful management, we anticipate that this Fund will continue to grow.”
 
The ING (L) Liquid-EUR fund seeks to provide investors with stable and low-risk returns with a broad diversification of money market risk. With the aim of preserving the values of all capital invested and ensuring a daily liquidity, the fund invests in all types of money market instruments, from short-term bonds to floating rate notes and from deposits to commercial papers. The Fund was launched in 2002.
 
Figures from EFAMA show that the European Money Market industry is currently worth EUR1,139 billion.

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