Federated Investors Inc. in Pittsburgh said Tuesday that it has started the Federated Strategic Value Fund, a portfolio that invests in less volatile, higher-yielding mid- to large-cap common stocks.
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Federated Strategic Value Fund's portfolio does not include a fixed-income component to generate income. The fund can also invest in small-cap value stocks if the valuation is appropriate to generate higher yield.
At yearend Federated had $29 billion of equity assets under management in 34 mutual funds and various separately managed accounts.
Federated manages $179 billion of assets overall in 134 mutual funds, as well as a variety of separately managed account options.
