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FII Federated Investors Inc

36.23
0.00 (0.00%)
06 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Federated Investors Inc NYSE:FII NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 36.23 0 01:00:00

Federated Investors Canada ULC Launches Federated Strategic Value U.S. Equity Dividend Fund

09/02/2016 9:16pm

PR Newswire (Canada)


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PITTSBURGH, Feb. 9, 2016 /CNW/ -- Federated Investors Canada ULC, a subsidiary of Federated Investors, Inc. (NYSE: FII), today announced the launch of Federated Strategic Value U.S. Equity Dividend Fund, an equity mutual fund that seeks to provide monthly income and long-term capital appreciation by investing primarily in a portfolio of high-quality U.S. stocks that pay dividends and offer the potential for dividend growth.

Available exclusively to Canadian investors, the fund leverages the success of Federated's existing Canadian relationships including separately managed accounts. "The new fund offering is an important part of our ongoing commitment to meeting the needs of Canadian investors, as well as growing Federated's presence throughout North America and globally," said Gordon J. Ceresino, chief executive officer of Federated Investors Canada ULC. "Our vision is to develop funds in a range of investment styles to provide additional solutions for Canadian investors."

"Investing in a portfolio of common stocks with high-dividend yields is an approach that has met the needs of our clients for the last 15 years," said John B. Fisher, president and chief executive officer, Federated Advisory Companies. "The Federated Strategic Value U.S. Equity Dividend Fund provides Canadian investors access to this proven dividend income strategy, which takes a bottom-up approach emphasizing high-yielding stocks."

The portfolio is managed by a seasoned team of investment professionals led by Daniel Peris and Deborah Bickerstaff, who manage approximately $25 billion in strategies following the same time-tested approach, including the $10 billion Federated Strategic Value Dividend Fund available to U.S. investors. Peris leads the Strategic Value Dividend team and is the author of two books on dividend investing. Bickerstaff has 20 years of investment experience, including portfolio management and research in the global equity area.

The fund, which has the Dow Jones Select Dividend Index as its primary benchmark, seeks to pursue competitive performance in both up and down markets, while targeting significantly less risk. Federated Strategic Value U.S. Equity Dividend Fund will be marketed in A and F share classes through registered dealers.

Federated Investors Canada ULC is a wholly owned subsidiary of Federated Investors, Inc., a financial industry pioneer since 1955 and a global investment manager. Along with an expanding presence in Canada, Federated's global reach extends to Europe and South America.

Federated Investors, Inc. is one of the largest investment managers in the United States, managing $361.1 billion in assets as of Dec. 31, 2015.  With 122 funds and a variety of separately managed account options, Federated provides comprehensive investment management to more than 8,400 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.  For more information, visit FederatedInvestors.ca.

SOURCE Federated Investors, Inc.

Copyright 2016 Canada NewsWire

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