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Monday, September 20, 1999 Federated Launches Tech Fund Federated Investors, Inc., (FII) has launched the Federated Communications Technology Fund, the company announced today.
"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. Printed from: MFWire.com/story.asp?s=25037 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |