PITTSBURGH, March 24, 2011 /PRNewswire/ -- Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today announced that two of its mutual funds received Lipper Fund Awards recognizing their category-leading performance. Lipper, a leading global provider of mutual fund research and analysis, based the awards on the calculation of consistent return for three- and 10-year periods ending Dec. 31, 2010.
Federated InterContinental Fund (RIMAX) earned the Lipper Fund Award in the International Multi-Cap Core Funds classification and ranked best out of 50 funds for the 10-year period. The fund seeks to provide investors with long-term capital appreciation, primarily in equity securities of foreign companies in both developed and emerging markets through a country-first selection process, followed by equity selection. Federated InterContinental Fund is managed by Audrey H. Kaplan and Geoffrey C. Pazzanese.
Now named Federated Emerging Market Debt Fund (IHIAX), the Federated International High Income Fund earned the Lipper Fund Award in the Emerging Markets Debt Funds category and ranked best out of 74 funds for the three-year period. The fund seeks to provide investors with current income and capital appreciation by investing primarily in emerging market fixed-income securities. Federated Emerging Market Debt Fund is managed by Roberto Sanchez-Dahl and Paolo H. Valle.
"As international investing continues to command greater attention, we are proud that two of Federated's international performers were identified," said John B. Fisher, president and chief executive officer, Federated Advisory Companies. "We appreciate Lipper's recognition of the talented investment professionals who contributed to the performance of these two international funds."
Federated Investors, Inc. is one of the largest investment managers in the United States, managing $358.2 billion in assets as of Dec. 31, 2010. With 136 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,000 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit http://FederatedInvestors.com.
The currency for the calculation corresponds to the currency of the country for which the awards are calculated and relies on monthly data. Classification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 36, 60, and 120 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or ten years. For a detailed explanation please review the Lipper Leaders methodology document on www.lipperweb.com.
Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Users acknowledge that they have not relied upon any warranty, condition, guarantee or representation made by Lipper. Any use of the data for analyzing, managing or trading financial instruments is at the user's own risk. This is not an offer to buy or sell securities.
Past performance is no guarantee of future results.
Effective February 21, 2011, Federated International High Income Fund's name was changed to Federated Emerging Market Debt Fund; the fund's strategy did not change.
International investing involves special risks including currency risk, increased volatility, political risks and differences in auditing and other financial standards. Prices of emerging markets securities can be significantly more volatile than the prices of securities in developed countries, and currency risk and political risks are accentuated in emerging markets. Mutual funds are subject to risks and fluctuate in value.
For more complete information, visit http://FederatedInvestors.com or contact your investment professional for prospectuses or summary prospectuses if available. You should consider the fund's investment objectives, risks, charges and expenses carefully before you invest. Information about these and other important subjects is in the fund's prospectus or summary prospectus, which you should read carefully before investing.
Federated Securities Corp., Distributor
SOURCE Federated Investors, Inc.