Federated Investors will acquire around $515 million in assets from EquiTrust Mutual Funds. As per the deal, the portfolios of EquiTrust Series Fund and EquiTrust Variable Insurance Series Fund will be reorganized into comparable mutual funds that will be managed by Federated.
The boards of directors of the firms have approved the planned transitions, which are now subject to the approval of EquiTrust Mutual Fund shareholders. The financial terms of the agreement were not disclosed.
Click here for the release from FBL Financial Group.