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Rating:Federated Launches Tech Fund Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, September 20, 1999

Federated Launches Tech Fund

Reported by Jason Shank

Federated Investors, Inc., (FII) has launched the Federated Communications Technology Fund, the company announced today.

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  • The fund will focus on securities of communications technology companies that provide services and "enabling technologies that make the delivery of voice, video and data information more efficient." The new product is intended to take advantage of one of the hottest sectors in the market -- the communications sector has experienced inflows of more than $12.8 billion as of July 31, 1999.

    "We believe telecommunications technologies should continue to do well because they are essential to global economic progress," said Trent Nevills, assistant vice president, who co-manages the fund with Jim Grefenstette, vice president and senior portfolio manager.

    "Usually, the rate of technological advance determines the rate of advancement in communications and the Federated Communications Technology Fund is focusing exclusively upon that expanding segment of the market," he added.

    Nevills and Grefenstette plan on keeping the portfolio to between 60 and 80 companies which exhibit the most favorable longterm valuations. The company will wholesale A, B, and C shares though its established financial intermediary channels. 

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