Products October 28, 2010

ING Cuts Fund Expense Ratios

ING Investment Management reduced the expense ratios for the "I" shares of five of its actively managed fundamental equity funds, the company announced.
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A news release said, expense ratios were cut effective October 1. The five funds are managed by a U.S. fundamental equity team that has been in place for five years.

According to the announcement, the five funds with their previous and new expense ratios are: 

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  • ING Core Equity Research Fund – 0.83, 0.75
  • ING Small Company Fund – 1.24, 1.05
  • ING Equity Dividend Fund – 1.01, 0.80
  • ING MidCap Opportunities Fund – 1.11, 0.91
  • ING SmallCap Opportunities Fund – 1.26, 1.11
Diversions October 28, 2010

Speeding Ticket

A study released this month provides evidence to what many drivers already suspected–the model of your car likely impacts your chances of getting a speeding ticket.   

 

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The dreaded speeding ticket–it happens to everyone–but if you think it happens to some people more than others, you’re right.  In a study analyzing auto insurance claims, researchers found that the model of your car may be a factor when police decide to pull you over.

The car that gets the most speeding tickets is the Mercedes-Benz SL class.  Whether it’s out of curiosity on the part of the police officer wanting to take a closer look, or the driver who can’t help but to enjoy the car’s 382 horsepower, V-8 engine on a car with a purchase price of approximately $100,000…drivers of these cars get four times as many tickets as everyone else.   

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These other cars are also more likely to earn their owners a ticket:

  • Toyota Camry-Solara
  • Scion TC
  • Hummer H3 or H2
  • Scion XB
  • Mercedes-Benz CLS
  • Acura Integra
  • Pontiac Grand Prix
  • Mercedes-Benz CLK
  • Volkswagen GTI

One note-worthy aspect of this list – only two of these cars are made in Detroit and both have been discontinued!   

The least-ticketed cars include SUVs and more economically-friendly cars, such as the Buick Lacrosse, Mazda Tribute, Hyundai Tucson, and Oldsmobile Silhouette.   

This was the second annual study done Quality Planning, a Verisk Analytics company that validates policyholder information for auto insurers.  The study looks at vehicle types, their driver profiles, and the frequency of traffic violations.

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