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.

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