Federated Investors' Mutual Fund Acquires Approximately $100 Million in Assets from Tributary Funds
- Assets transitioned into Federated International Leaders Fund
(PITTSBURGH, Pa., 07/26/2011 04:12 PM) — Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, has reorganized $100.6 million in assets from the Tributary International Equity Fund into the Federated International Leaders Fund, a product with similar investment objectives. The transaction was completed at the close of business Friday, July 22, 2011.
Federated International Leaders Fund pursues long-term capital growth by investing primarily in developed-market stocks of high-quality, foreign companies that appear to be undervalued.
"We are pleased to have completed this transition with Tributary, and we welcome our newest fund shareholders into the Federated International Leaders Fund," said J. Christopher Donahue, president and chief executive officer of Federated Investors. "We will continue to explore future opportunities for similar agreements with insurers, banks and broker dealers."
Federated Investors, Inc. is one of the largest investment managers in the United States, managing $354.9 billion in assets as of March 31, 2011. With 133 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 4,900 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit FederatedInvestors.com.
Certain statements in this press release, such as those related to Federated's efforts to seek alliance and acquisition opportunities, constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the company or industry results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Among other risks and uncertainties is the ability of Federated to identify and complete suitable acquisitions, and the risk factors discussed in the company's annual and quarterly reports as filed with the Securities and Exchange Commission. Many of these factors may be impacted as a result of the ongoing threat of terrorism. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the company nor any other person assumes responsibility for the accuracy and completeness of such statements in the future.