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Federated, Kaufmann Unveil Large Cap Offering
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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