Federated Investors, Inc. Added to S&P 500 Index
(PITTSBURGH, PA, 04/15/2003 04:03 PM) — Federated will become a component of the index at the market close today, April 15, 2003. Widely regarded as the standard for measuring large-cap U.S. stock market performance, the S&P 500 Index includes a representative sample of leading companies in leading industries. The S&P 500 is used by 97% of U.S. money managers and pension plan sponsors. More than $1 trillion is indexed to the S&P 500.
"The addition of our growing company to the S&P 500 Index is a memorable milestone for Federated," said J. Christopher Donahue, president and CEO. "It demonstrates Federated’s marketplace strength and confirms Federated’s place among leading American companies."
Founded in 1955 in Pittsburgh, Pa., Federated Investors, Inc. is one of the largest investment management companies in the United States, managing approximately $196 billion in assets as of March 31, 2003. Over the past five years assets under management have doubled. Federated Investors began trading on the New York Stock Exchange in May of 1998 under the ticker symbol FII.
With more than 135 equity, fixed-income and money market mutual funds and separately managed accounts in a wide range of investment strategies, Federated provides comprehensive investment management to more than 5,300 institutions and intermediaries including banks, broker/dealers, corporations, government entities, insurance companies, foundations and endowments.
Federated is a top ten mutual fund company and the largest institutional money market fund manager in the United States1. Federated ranks in the top one percent of money market fund managers in the industry, the top four percent of fixed-income fund managers and the top five percent of equity fund managers2. For more information, visit FederatedInvestors.com.