Citibank Rt., a member of Citigroup, today announced an extension
to its investment products portfolio with the distribution of four
ING Investment Management Hungary Co. mutual funds through its 22-branch
network and CitiPhone telephone banking service.
Ilona Kelemen, head of Consumer Wealth Management for Citibank Rt.
said: " The CitiGold Wealth Planner service* introduced in
2003, which builds on developing investment portfolios based on
the client's individual profile, has proved to be very successful
with our customers, who are now more open to looking at investments
over longer terms and in more diversified portfolios. Our strategy
is to continuously extend our investment products to meet the increasing
demands of our customers. With the four ING funds the number of
mutual funds available to customers has reached 23."
The four ING Investment Management Hungary Co. mutual funds, which
are available to all consumer customer segments, are:
- ING Bond Mutual Fund
- ING Money Market Mutual Fund
- ING Index Tracking Equity Mutual Fund
- ING Global Equity Mutual Fund
The minimum investment amount required is HUF 500,000 and Citibank Rt. applies a transparent fee structure.
* The CitiGold Wealth Planner is not an investment advisory service.
For more details, please read the Business Conditions Regarding Investment
Services of Citibank Rt. and its Fee Schedule supplement and the Prospectus
of the Mutual Funds.
All four funds are registered with the Hungarian Financial Supervisory
Authority (PSZAF). The Investment Products are subject to investment
risks. Investment products are not bank deposits, are not government
insured, and are not an obligation of nor they are guaranteed by
Citibank/Citigroup or its other affiliates. Citibank Rt. H-1051
Budapest Szabadság tér 7, Cg. 01-10-041029, Metropolitan Court acting
as Court of Registration, PSZÁF III/41.048-9/2002, 20th December,
2002, a member of the Budapest Stock Exchange.
Media Contact:
Eva Hencz, Public Affairs Officer
Tel: +36 1 374-5307, Mobile: +36 30 250-7473, Fax: +36 1 374-5445
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