Proprietary and Clients assets

ING Investment Management Europe makes a clear distinction between Proprietary and Client Assets, and that also applies to exercising voting rights.

Proprietary Assets
The voting policy for Proprietary Assets is based on the ING Global Voting Policy. We act in the best interests of ING when we cast votes relating to ING’s proprietary assets and have a separate Proxy Voting Committee for Proprietary Assets. As a result, we may vote differently on a single issue for Proprietary Assets and for Client Assets respectively.

Client Assets
Client Assets are those which belong to you as an individual or institutional investor, and which are managed via one of our Dutch Master Funds. We have installed a Proxy Voting Committee for Client Assets that operates solely in the best interests of our clients