Most accept ING fund offer
ING New Zealand, the fund manager half owned by ANZ, said that the bulk of unit holders had so far accepted ING NZ's offer to buy back units in its Diversified Yield Fund and Regular Income Funds.ING said 95 per cent of unit holders had accepted the offer of 60 cents per $1 unit in the DYF fund and 62 cents per unit in the RIF, with 85 per cent opting to put that money into a special ANZ account offering 8.3 per cent per annum for the next five years. Interest.co.nz