- Expands Federated's range of equity strategies that integrate ESG factors
PITTSBURGH, Sept. 19, 2019 /PRNewswire/ -- Federated Investors, Inc. (FII), a leading global investment manager, today announced the launch of the Federated Hermes International Equity Fund, which pursues long-term capital appreciation by combining a proprietary systematic Hermes approach with disciplined subjective analysis. The Federated Hermes International Equity Fund becomes the fourth Hermes equity strategy to be offered by Federated as a U.S. mutual fund. In 2018, Federated acquired a majority interest in London-based Hermes Fund Managers Limited, which operates Hermes Investment Management, a leading active manager and a pioneer of strategies that invest according to environmental, social and governance (ESG) factors.
Through a high active share approach, the new fund invests primarily in a mix of value and growth stocks of companies that derive significant revenue from international developed markets. The fund is managed by Geir Lode, head of global equities at Hermes, along with Lewis Grant, senior portfolio manager, and Louise Dudley, portfolio manager. They bring nearly 50 years of combined industry experience to the fund. The team also manages the Federated Hermes Global Equity Fund, launched in April this year.
"We are enthusiastic about expanding the Hermes Global Equities team's investment processes to U.S. investors through the Federated Hermes International Equity Fund, which invests in international companies whose proven fundamentals offer the opportunity for a competitive advantage and a sustainable business model that's likely to generate earnings growth," said John B. Fisher, president and chief executive officer of Federated Advisory Companies. "Hermes' proprietary investment strategies have shown that incorporating a disciplined subjective security analysis that incorporates ESG characteristics can contribute to outperformance." 1
The Federated Hermes International Equity Fund uses MSCI EAFE Index as its benchmark. It is initially being marketed in IS shares, with A, C and R6 share classes to follow.
Federated Investors, Inc. (FII) is a leading global investment manager with $502.2 billion in assets under management as of June 30, 2019. Our investment solutions span 130 equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies and a range of separately managed account strategies. Providing comprehensive investment management to more than 10,000 institutions and intermediaries, our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated's more than 1,900 employees include those in New York, Boston, London and several other offices worldwide. In 2018, Federated acquired a majority interest in Hermes Investment Management, which provides world-class active management and stewardship services. For more information, visit FederatedInvestors.com.
Federated Securities Corp., Distributor
1 See the research "ESG Investing: A social uprising," from Hermes Investment Management
For more complete information, visit FederatedInvestors.com 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.
Federated Global Investment Management Corp. is the advisor of the fund and Hermes Investment Management Limited is the sub advisor.
International investing involves special risks including currency risk, increased volatility, political risks, and differences in auditing and other financial standards.
MSCI EAFE Index is an equity index which captures large- and mid-cap representation across developed markets countries around the world, excluding the U.S. and Canada. The index covers approximately 85% of the free float-adjusted market capitalization in each country. Indexes are unmanaged and cannot be invested in directly.
Mutual funds are subject to risks and fluctuate in value.