Federated Hermes, Inc. launches MDT Mid Cap Growth Collective Investment Fund
Rhea-AI Summary
Federated Hermes, Inc. (NYSE: FHI) has launched the Federated Hermes MDT Mid Cap Growth Collective Investment Fund, a strategy for qualified retirement plan investors. The fund aims for capital appreciation by investing in a diversified portfolio of US mid-cap growth companies using MDT's stock-selection process. This process utilizes research, technology, and daily data from multiple market cycles to remove subjective influences.
The fund is trusteed by Great Gray Trust Company, and is Federated Hermes' first equity CIT. It complements four existing fixed-income CITs with Great Gray. The fund is managed by a veteran portfolio management team with extensive experience. As of June 30, 2024, Federated Hermes had $782.7 billion in assets under management.
Positive
- Launch of new MDT Mid Cap Growth Collective Investment Fund for retirement plan investors
- Expansion of product offerings in the growing retirement market
- Utilization of advanced stock-selection process for potential alpha generation
- Experienced portfolio management team with over 80 years of combined experience
- Complementing existing fixed-income CITs, expanding Federated Hermes' CIT offerings
Negative
- None.
News Market Reaction – FHI
On the day this news was published, FHI declined 0.24%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Newest MDT product aims to meet growing demand for retirement products
The Federated Hermes MDT stock-selection process utilizes cutting-edge research, technology and daily data from multiple market cycles—conferring the advantages of discipline, testability and repeatability. Through a bottom-up, systematic approach, it seeks to remove subjective and emotional influences from the stock-selection process.
The fund is trusteed by Great Gray Trust Company, LLC (Great Gray), a leading provider of collective investment trusts (CITs) to the retirement plan market. Through the new CIT, Great Gray will offer retirement plan investors Federated Hermes MDT's experience in seeking alpha from multiple sources—differentiating the fund from many other growth strategies.
"Our MDT strategies have seen continued interest in the retirement market, and we are pleased to offer another vehicle in which clients can access our investment team's capabilities," said Paul Uhlman, President of Federated Securities Corp. "The new mid-cap growth CIT builds upon our relationship with Great Gray and is another step in growing Federated Hermes' global investment platform capabilities and bringing our diverse range of investment solutions to institutional investors."
The fund is 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 investment team behind the collective investment fund also manages more than
The new fund is Federated Hermes' first equity CIT, complementing four fixed-income CITs with Great Gray: Federated Hermes Total Return Bond Collective Investment Fund, Federated Hermes High Yield Bond Collective Investment Fund, Federated Hermes Prime Cash Collective Investment Fund and Federated Hermes Unconstrained Credit Collective Investment Fund. Since 1986, Federated Hermes also has offered a stable value CIT—the Federated Hermes Capital Preservation Fund—which is trusteed by Federated Investors Trust Company.
Federated Hermes, Inc. is a global leader in active, responsible investment management, with
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Collective funds are subject to risks and fluctuate in value.
The quantitative models and analysis used by MDT may perform differently than expected and may affect fund 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.
View original content:https://www.prnewswire.com/news-releases/federated-hermes-inc-launches-mdt-mid-cap-growth-collective-investment-fund-302260464.html
SOURCE Federated Hermes, Inc.