FOR IMMEDIATE RELEASE
First Investors Included in Barronís Annual Fund Ranking Survey
New York, NY, March 2, 2009 - First Investors placed 14th out of the 59 fund families in Barron's annual fund ranking survey for 2009. Published in conjunction with Lipper, the survey is based on 2008's results.
As in the past, Barron's has segmented the universe of funds into five categories: U.S. Equity (48.6%), World Equity (18.0%), Balanced (15.5%), Taxable Bond (15.0%), and Tax-Exempt Bond (3.0%).
The solid ranking achieved by First Investors was primarily attributable to its very strong showing in the heavily weighted U.S. Equity category, where First Investors placed 10th out of 59. First Investors also benefited from its 8th place finish in the Balanced category. First Investors also finished 7th in the Tax-Exempt Bond category, but received little benefit in the survey because of the low weighting applied to the category.
Robert M. Flanagan, President of First Investors Corporation, said, "While we believe that investors are not well served by using fund rankings in making their investment decisions, most of our funds were able to beat their peers in a very difficult environment, and this survey reflects that. At the same time, we regret the anxiety that recent market conditions have caused our clients, as well as the sharp drops they've seen in their account values. We look forward to the time when the markets recover and our clients make more progress toward reaching their long-term financial goals."
First Investors has been in business since 1930. During that time we have successfully navigated many difficult economic periods in our nationís history. Through the personalized service of financial services representatives located in our nationwide network of offices, First Investors uses a face-to-face approach to offer a range of products and services, including mutual funds, annuities and life insurance. Our representatives understand the cyclical nature of the markets, and work closely with clients to establish a disciplined approach to achieving long-term financial goals.
For more information on any First Investors fund, you may obtain a free prospectus by calling (800) 423-4026; writing to First Investors Corporation, 110 Wall Street, New York, NY 10005; or visiting the website www.firstinvestors.com. You should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus contains this and other information about the fund, and should be read carefully before investing. An investment in a fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Past performance is no guarantee of future results.
First Investors Corporation