An affiliate of Federated Investors of Pittsburgh expects to offer a family of six retail mutual funds to German investors before year end.

The move will be the first step in what ultimately will be an effort to distribute funds throughout Europe, said J. Christopher Donahue, Federated president and CEO. The mutual funds, which initially will be sold through the 2,300 sales agents of German insurer LVM-Versicherungen, should be available for sale in the last quarter of this year, Donahue said in a recent interview. LVM has approximately three million customers, Donahue said.

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.