Federated Investors, Inc. Announces Plans for Retail Money Market Funds

Federated Investors, Inc.

, one of the nation's largest investment managers, today announced further refinements to its plan to restructure the company's line of money market funds by delineating which money market funds will be classified as retail money market funds under the U.S. Securities and Exchange Commission's 2014 rules.  In addition, the company announced a series of planned mergers with the aim of strengthening and streamlining its money market fund offerings.  Federated expects to announce its institutional money market fund product line in the future.  "While Federated's clients don't need to make any changes to their investments now, the planned adjustments to Federated's product line are the result of an active and ongoing dialogue with our large, diversified client base," said J. Christopher Donahue, president and chief executive officer.  "As a leading provider of liquidity management services for 40 years, Federated continues to work with our clients in an effort to meet their liquidity needs today and in the future." Retail money market funds If all of the anticipated fund mergers are completed, Federated expects