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Ms. Buziak made the transactions to ensure new cash invested in ING funds Friday was put into stocks, in order to align the products with their investment goals, she said.
WSJ: Idled Stock and Bond Traders Watch, Wait and Position
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Margolin recommends two closed-end funds: ING Prime Rate Trust and Van Kampen Senior Income Trust.
FORBES: Fixed Income for Bears
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Inside it, ING was selling variable and fixed annuities, which are mutual funds and bond-like investments wrapped in life insurance that, in policies like ING's, cost several times more than low-cost alternatives and provide minimal coverage.
FORBES: Spitzer's Painful Lesson