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Products January 7, 2008
Federated, Kaufmann Unveil Large Cap Offering
Federated Investors has launched Federated Kaufmann Large Cap Fund, an equity fund that seeks to provide capital appreciation by investing in the securities of large companies.
Reported by Fred Schneyer
According to a news release, the new offering will be managed by Lawrence E. Auriana and Hans P. Utsch who will focus their bottom-up investment process on companies with prospects for sustainable growth.
The new fund’s primary benchmark is the Russell 1000 Growth Index. It may invest up to 30% of its assets in foreign securities.
Federated will market Federated Kaufmann Large Cap Fund in A, C, IS, and K share classes through brokers/dealers, bank broker/dealers, and other financial intermediaries, the announcement said. A minimum investment of $1,500 is required for A and C share classes with subsequent investments of $100.
A minimum investment of $25,000 is required for IS shares. For A, C and K shares there is no minimum investment for retirement plans, but for IRA plans there is a $250 minimum initial investment and a $100 subsequent investment.
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