Mumbai-based Investment solutions and services provider ING Investment Management (INGIM) has shut two of its Australian share funds launched in 2010, Financial Standard reports. Proceeds from the funds assets will be returned to investors. The closure of ING Alpha Plus Australian Share Fund and the ING Extended Alpha Australian Share Fund follows the acquisition of INGIM by UBS Global Asset Management. The two funds had delivered annual net returns of 2.68 percent and 0.46 percent, respectively.
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