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Wednesday, April 19, 2006

Federated Launches Target Maturity Funds

by: Armie Margaret Lee

Pittsburgh-based Federated Investors has unveiled three target date mutual funds that invest mainly in exchange traded funds.

Aimed at the retirement market, the Federated Target ETF Fund 2015, Federated Target ETF Fund 2025 and Federated Target ETF Fund 2035 are managed by vice president and senior portfolio manager John Harris.

The funds utilize a blended benchmark with an allocation to the allocation to the Standard & Poor's Composite 1500, Lehman Brothers Aggregate Bond Index and MSCI-EAFE Index.  

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