Portfolio Managers
Christine Hurtsellers, CFA,
Chief Investment Officer, Fixed Income and Proprietary Investments
Matt Toms, CFA,
Head of U.S. Public Fixed Income Investments
Michael A. Mata,
Head of Multi-Sector Fixed Income Strategies
Sean Banai, CFA,
Senior Portfolio Manager
Albert E. Hancock III,
Head of Stable Value and Senior Portfolio Specialist
Philosophy
We believe stable value investments provide a means for participants to preserve capital in a rising interest rate environment because the principal does not fluctuate with rate changes.
Over the long-term, we believe stable value investments can produce returns similar to intermediate-term bonds but with lower risk to principal.
Total returns can be higher over the long-term compared to money markets or cash.
Historically, stable value returns offer very low correlation to equities or other fixed income investments, providing exceptional diversification characteristics.
Objective
ING Stable Value fixed income products are designed for defined contribution plan sponsors seeking to provide participants with capital preservation and attractive rates of return. ING Investment Management provides a full range of actively managed investment strategies that are appropriate for stable value applications. Book value wrap guarantee provided by ING Life Insurance and Annuity Company.*
Government Securities Strategy invests in fixed income securities backed by the US Government including Government National Mortgage Association (GNMA) pass-through securities and US Treasuries while maintaining a 3.5 year duration (+/- 0.25 years) over time. The benchmark is Barclays Capital GNMA Index.
High Quality I Strategy invests in the full spectrum of fixed income securities including U.S. Treasuries, GNMA and mortgage pass-throughs, corporate bonds and asset-backed securities rated “A” or better at time of purchase while maintaining duration within ± .5 years of the Barclays Capital U.S. Aggregate Bond Index.
Core Intermediate Strategy invests in the full spectrum of fixed income securities including U.S. Treasuries, GNMA and mortgage pass-throughs, corporate bonds and asset-backed securities, while maintaining a duration within ± .5% of the Barclays Capital Intermediate Aggregate Bond Index.
*Book value guarantees are available through ING Life Insurance and Annuity Company and based upon their claims paying ability.
Process
All of our stable value strategies utilize the ING philosophy and approach to fixed income investing. Macro themes are incorporated in every aspect of the decision-making process, which integrates quantitative and fundamental analysis in a disciplined, top-down and bottom-up investment approach. Feedback loops ensure all elements are connected. Strong risk budgeting, risk management and compliance capabilities ensure quality checks and balances. Portfolio managers enforce strict adherence to client investment guidelines.
