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Federated Investors expands global equity offerings with launch of 2 Federated Hermes funds.

Global Banking News-April 30, 2019-Federated Investors expands global equity offerings with launch of 2 Federated Hermes funds

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Investment manager Federated Investors, Inc. (NYSE: FII) has announced the launch of the Federated Hermes Global Equity Fund and the Federated Hermes Global Small Cap Fund, the company said.

The two new funds expand Federated's global equity lineup and build upon Federated's 2018 acquisition of a controlling interest in London-based Hermes Fund Managers Limited.

The actively managed Federated Hermes Global Equity Fund pursues long-term capital appreciation through Hermes' proprietary quantitative stock-selection process. The fund invests primarily in equity and equity-related securities of companies that derive a large proportion of their revenue from global developed and emerging markets.

The Federated Hermes Global Small Cap Fund pursues long-term capital appreciation by investing primarily in equity and equity-related securities of small-capitalization companies that derive a large proportion of their income from developed markets.

The Federated Hermes Global Equity Fund uses the MSCI All Country World Index as its benchmark, while the Federated Hermes Global Small Cap Fund has the MSCI World Small Cap Index as its benchmark. Both new funds are initially being marketed in IS shares, with A, C and R6 share classes to follow.

Federated Investors, Inc. is a global investment manager with USD 459.9 billion in assets under management as of Dec. 31, 2018. Investment solutions span 130 equity, fixed-income, alternative/private markets, multi-asset and money market funds and a range of separately managed account strategies.

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Publication:Global Banking News (GBN)
Date:Apr 30, 2019
Words:260
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