MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, December 21, 2012 Federated Tweaks Its Equity Funds Federated Investors [profile] is tweaking some of its equity fund offerings, according to Morningstar's latest Fund Times column. The firm is making changes to its $850 million Federated Capital Appreciation fund, which is merging into the Federated Equity Income Fund, and its $320 million Federated Mid Cap Growth fund, which will now be managed by the firm's quantitative-strategy group, MDT Advisors. Both funds "have struggled to keep pace in recent years," according to Morningstar. And the $392 million Federated Prudent Absolute Return Fund will lose the "Prudent" from its name and drop PM Doug Noland, who was brought on by the board in 2010. Printed from: MFWire.com/story.asp?s=42454 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |