Federated acquires EquiTrust mutual fund assets
Federated Investors Inc., one of the nation’s largest investment managers, on Monday completed the transition of approximately $509 million in equity, fixed income and money market assets from EquiTrust Series Fund Inc. and EquiTrust Variable Insurance Series Fund. The assets previously had been managed by EquiTrust Investment Management Services, a subsidiary of West Des Moines-based FBL Financial Group Inc. In the past five years, Federated has completed numerous transactions totaling more than $40 billion in assets.
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