Federated Investors Inc. (FII) announced on June 29 that it has agreed to acquire three Vintage mutual funds with about $164 million in assets from Amcore Financial Inc. (AMFI). Financial terms were not disclosed.
Federated is buying the $107.8 million Vintage Equity Fund/S (VEQSX), the $33.9 million Vintage Growth Fund (AVAGX) and the $22.1 million Vintage Balanced Fund (AMBFX).
The Equity fund and the Growth fund will be merged into the $3.3 billion Federated Capital Appreciation Fund/A (FEDEX. The Balanced fund will be combined with the $328 million Federated Stock and Bond Fund/A (FSTBX). The mergers are subject to approval by Vantage fund shareholders at a meeting expected to be held in September.
Federated, which offers 138 mutual funds, had $179 billion in assets under management on March 31.
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