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Federated Investors launches engagement equity fund.

Global Banking News-December 14, 2018-Federated Investors launches engagement equity fund

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Investment manager Federated Investors, Inc. (NYSE: FII) has announced the launch of the Federated Hermes SDG Engagement Equity Fund, which pursues long-term capital appreciation alongside positive societal impact, the company said.

The fund is focused on investing in companies that have the willingness and ability to more closely align with the United Nations' Sustainable Development Goals. The fund invests primarily in equity and equity-related securities of small and mid-capitalization companies domiciled in, or that derive their income from, the United States and foreign markets, including emerging markets.

The Federated Hermes SDG Engagement Equity Fund is the first Hermes strategy to be offered as a US mutual fund following Federated's July acquisition of a majority interest in London-based Hermes Fund Managers Limited, which operates Hermes Investment Management, a pioneer of strategies that invest according to environmental, social and governance (ESG) factors.

The new fund follows the investment strategy of the USD 296.9 million1 Hermes SDG Engagement Fund, launched in December 2017 as a UCITS product, which is not available to US investors.

Federated Investors, Inc. manages USD 437.2 billion in assets as of Sept. 30, 2018. With 129 funds and a variety of separately managed account options, Federated provides comprehensive investment management to more than 9,600 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers around the world.

((Distributed via M2 Communications -

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Publication:Global Banking News (GBN)
Date:Dec 14, 2018
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