ING to offer investment products online

Online bank ING Direct has revealed plans to add managed funds and other investment lines to its range of online banking products. ING general manager Mr Craig Kennedy said the investment products will be sourced from its local parent's (Mercantile Mutual) funds management unit. Mr Kennedy said the new products would be less complex with no up-front fees and minimum requirements on investment balances and monthly withdrawals. According to ING, it will begin selling managed funds online in May.

‘Direct architect to lead ING', The Australian Financial Review, 01/03/01, p 24.