Federated Investors, a US-based investment manager, has launched three new Federated Clover Value mutual funds: the Federated Clover Value Fund, Federated Clover Mid Value Fund and Federated Clover Small Value Fund.
The three new funds are advised by Federated Clover Investment Advisors (Federated Clover) and extend the Federated Clover team’s 24-year tradition of value investing across all market capitalisations, the company said.
Federated Clover Value Fund invests primarily in established businesses and is managed by Matthew Kaufler and Paul Spindler. Federated Clover Mid Value Fund invests in companies that have passed the rigors of early development but which have not yet reached their full potential and is managed by Michael Jones and Albert Yu. Federated Clover Small Value Fund emphasises smaller firms believed to have excellent prospects and is managed by Lawrence Creatura and Stephen Gutch.
Federated will market all three funds through broker/dealers, banks and other financial intermediaries. Federated Clover Value Fund is available in A, B, C, IS and K share classes. Federated Clover Mid Value Fund and Federated Clover Small Value Fund are available in A, C and IS share classes.
John Fisher, president and CEO of Federated’s advisory companies, said: Value investing has a role in every diversified portfolio and the Federated Clover funds provide investors with three compelling new options. For more than two decades, the Federated Clover team has focused on value investing — and value investing only. Federated Clover’s sector-specialist, team-driven process and bottom-up stock selection have provided competitive returns for the firm’s strategies over time.
