Products January 7, 2008

Federated, Kaufmann Unveil Large Cap Offering

January 7, 2008 (PLANSPONSOR.com) - 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.
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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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