Federated Investors announced on March 1 that it would waive the loads on all A shares sold for four of its funds --
Federated Aggressive Growth Fund (
AGFAX),
Federated Communications Technology Fund (
FCTAX),
Federated Large Cap Growth Fund (
FLGAX), and
Federated International Small Company Fund (
ISCAX).
Th president of Federated's retail division, James Getz, said today that sales of the four funds had increased by almost 100 during the sales period, which closed at the end of business today. The purpose of the offering, according to a company spokesperson, was to introduce the four growth funds, a style which Federated has not traditionally been known for, to its brokers' clients..
Compared to February gross sales for A shares, Federated Aggressive Growth Fund had a 250 percent increase in sales. Federated Communications Technology Fund sales increased by 175 percent, while sales for Federated International Small Company Fund and Federated Large Cap Growth Fund increased by 50 percent and 225 percent, respectively.
Brokers selling the funds during this period were incented by a 2% sales charge for the shares sold.
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