• New products double the number of Federated Hermes
ETFs
PITTSBURGH, July 31,
2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE:
FHI), a global leader in investment management, today announced the
launch of four actively managed ETFs that take a quantitative
approach to stock selection. The new products offer investors
another way to access the disciplined Federated Hermes MDT
investment process, crafted and refined for more than 30 years and
now available in an ETF structure.
The new ETFs offer core and style-specific bottom-up strategies
based on the Federated Hermes MDT approach, all seeking long-term
capital appreciation by investing primarily in stocks of U.S.
companies. The new ETFs and their NYSE ticker symbols are:
- Federated Hermes MDT Large Cap Core ETF (FLCC)
- Federated Hermes MDT Large Cap Growth ETF (FLCG)
- Federated Hermes MDT Large Cap Value ETF (FLCV)
- Federated Hermes MDT Small Cap Core ETF (FSCC)
The Federated Hermes MDT stock-selection process utilizes
cutting-edge research, technology and daily data from multiple
market cycles.
"With the rising appeal of active ETFs and continued interest in
our MDT strategies, these new offerings are timely additions to our
range of products, building upon Federated Hermes' ETF capabilities
launched in 2021," said John B.
Fisher, president and chief executive officer of Federated
Advisory Companies. "Our MDT team has extensive experience in
successfully managing and advancing quantitative investment
strategies across market cycles, and these new ETFs can be useful
in building diversified asset-allocation portfolios."
The strategies are managed by a veteran portfolio management
team: Daniel Mahr, CFA, who serves
as Head of the MDT Group and has 22 years of experience;
Damien Zhang, CFA, who is Head of
MDT Research and has 15 years of experience; Frederick Konopka, CFA, who is Portfolio and
Trading Manager and has 27 years of experience; and John Paul Lewicke, who serves as Research
Manager and has 17 years of experience. The ETF investment team
also manages more than $10 billion in
several Federated Hermes MDT mutual funds, institutional separate
accounts and separately managed accounts (SMAs).
"We believe above-market returns can be achieved using an
active, systematic investment approach with an analytical edge,
which confers the advantages of discipline, testability and
repeatability," said Mahr. "Utilizing advanced modeling techniques,
which harness the benefit of machine learning, our investment teams
aim to identify a diverse range of unique alpha-seeking
opportunities in an effort to drive differentiated active
performance. Our research-intensive approach is differentiated from
other quantitative strategies, and we believe the modeling
techniques and objective, unemotional nature of our vetting process
present advantages over traditional fundamental strategies."
The four new ETFs follow the launch of Federated Hermes Total
Return Bond ETF (NYSE: FTRB) earlier this year, the 2022 launch of
Federated Hermes U.S. Strategic Dividend ETF (NYSE: FDV), and the
2021 introduction of Federated Hermes Short Duration High Yield ETF
(NYSE: FHYS) and Federated Hermes Short Duration Corporate ETF
(NYSE: FCSH).
Federated Hermes, Inc. is a global leader in active, responsible
investment management, with $782.7
billion in assets under management, as of June 30, 2024. We deliver investment solutions
that help investors target a broad range of outcomes and provide
equity, fixed-income, alternative/private markets, multi-asset and
liquidity management strategies to more than 10,000 institutions
and intermediaries worldwide. Our clients include corporations,
government entities, insurance companies, foundations and
endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than
2,000 employees in London,
New York, Boston and offices worldwide. For more
information, visit FederatedHermes.com/us.
###
ETFs are subject to risks and fluctuate in value.
The quantitative models and analysis used by the ETFs may perform
differently than expected and may affect ETF performance.
Diversification does not assure a profit nor protect against
loss.
Past performance is no guarantee of future results.
Alpha is a measure of how much or how little return is generated,
given the risk a portfolio takes.
For more complete information, visit FederatedHermes.com/us
or contact your investment professional for summary prospectuses or
prospectuses. You should consider the fund's investment objectives,
risks, charges and expenses carefully before you invest.
Information about these and other important subjects is in the
fund's summary prospectus or prospectus, which you should read
carefully before investing. Prospectuses are available by calling
Federated Hermes at 1-800-341-7400 or by visiting
FederatedHermes.com/us.
Fund shares are bought and sold
on an exchange at market price (not NAV) and are not individually
redeemed from the Fund. However, shares may be redeemed at NAV
directly by certain authorized broker-dealers (Authorized
Participants) in very large creation/redemption units. Investors
purchasing and selling at market price may pay brokerage
commissions will reduce returns. Market price returns are based on
the official closing price of an ETF share or, if the official
closing price isn't available, the midpoint between the national
best bid and national best offer ("NBBO") as of the time the ETF
calculates the current NAV per share. NAVs are calculated using
prices as of 4 p.m. Eastern Time.
Certain statements in this press release, such as those related to
performance, investment strategies and uses for products, and
investor preferences and demand, constitute or may constitute
forward-looking statements, which involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
levels of activity, performance or achievements of the company, or
industry results, to be materially different from any future
results, levels of activity, performance or achievements expressed
or implied by such forward-looking statements. Any forward-looking
statement is inherently subject to significant risks and
uncertainties, many of which are difficult to predict and beyond
Federated Hermes' control. As a result, no assurance can be given
as to future results, levels of activity, performance or
achievements, and neither the company nor any other person assumes
responsibility for the accuracy and completeness, or updating, of
such statements in the future.
Separately managed accounts are made available through Federated
Investment Counseling.
Federated Securities Corp. Distributor
View original
content:https://www.prnewswire.com/news-releases/federated-hermes-inc-launches-four-mdt-quantitative-active-etfs-302210508.html
SOURCE Federated Hermes, Inc.