Portfolio

Federated Investors has opened the Federated Global Equity Income Fund (FGEIF), one of three of the firm's global funds. It seeks capital appreciation and income by investing in stocks of dividend-producing companies in the U.S. and abroad.

The National Association of Real Estate Investment Trusts (NAREIT) of Washington, D.C. has introduced a continuously updated REIT index. Steven A. Wechsler, president and ceo of NAREIT, said the new index allows investors to better gauge industry performance and compare returns of individual REITs against the industry as a whole. NAREIT's index is the only REIT index to include all 211 REITs currently trading on the New York Stock Exchange, NASDAQ and the AMEX, Wechsler says.

Warburg Pincus Funds announced that it is launching a new no-load mutual fund called Warburg Pincus European Equity Fund, which will be managed by Credit Suisse Asset Management (CSAM).

A coalition of Midwestern Catholic organizations called the Catholic Fraternal Alliance is creating a new family of mutual funds that will be offered through a powerful distribution network.

Frederick R. Kobrick is hoping that a name change for his one-year-old growth oriented fund group will eliminate a potential drag on its success.

Mutual fund companies, which already offer check writing and money market funds that act a lot like savings accounts, are about to compete even more directly with banks to capture assets.

The first no-load golf mutual fund teed off on January 4.

Capital Management Sciences (CMS) of Los Angeles, a division of Data Broadcasting Corporation, has added a new cash management capability to its BondEdge portfolio analytics software package.

Strong Retirement Plan Services of Milwaukee has announced that participants in the firm's 401(k) plans will now have Internet access to their accounts through a new tool called Strong NetConnect.

The BT Quantitative Equity Fund may be a fund marketer's dream - a new equity product that has an interesting story, no peers and a great track record.