Federated Investors Waives Front-End Sales Charges
March 6, 2000
For a limited time through March 31, Federated Investors of Pittsburgh is waiving the front-end sales charge on four of its newer equity funds - the Federated Aggressive Growth Fund, the Federated Large Cap Growth Fund, the Federated International Small Company Fund, and the Federated Communications Technology Fund.
Federated is dropping the front-end sales charges in order to meet sales goals for these four funds, according to a firm spokesperson, who declined to quantify the targets.
But Federated does not just want to attract new assets; it also wants to keep them. Federated will assess a two percent deferred sales charge if an investor in any of these four funds redeems within 30 months. No sales charges will be imposed if a shareholder exchanges among these four funds. However, investors who exchange to any other Federated fund will be subject to the two percent charge.