Eye-Popping Yield to Behold
Fans of Seinfeld will remember the classic episode in which Kramer concocts the brilliant idea to write a coffee table book about coffee tables. Well, I'll go you one better: Federated Investors (FII), the money-management company that (mainly) manages money markets.
As of year-end 2010, about 78% of Federated's assets under management were in money markets, and another 11% were in bond funds. Just 8% of its 2010 AUM came from equity-based mutual funds. Federated has been beefing up its equity offerings, but it still is predominantly on the fixed-income side of the house....350 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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