Federated Investors has completed its acquisition of $509 million in mutual fund assets covering equities, fixed income and money markets from EquiTrust Series Fund and EquiTrust Variable Insurance Series Fund.

“The completion of the transaction allows the EquiTrust funds’ shareholders to leverage Federated’s broader mutual fund management capabilities, while also providing them with access to our wide variety of investment options and quality customer service,” said Federated President and CEO J. Christopher Donahue.

Over the past five years, Federated has adopted more than $40 billion in fund assets. The firm managed $354.9 billion in assets as of March 31.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.