Federated Hermes Introduces Innovative Mid Cap Growth Fund
Federated Hermes Launches MDT Mid Cap Growth Investment Fund
Federated Hermes, Inc. (NYSE: FHI), a pioneer in active investment management, has recently introduced the Federated Hermes MDT Mid Cap Growth Collective Investment Fund. This innovative product is specifically designed to cater to the increasing demand for retirement products.
Investment Strategy and Goals
The MDT Mid Cap Growth Fund aims to achieve capital appreciation by investing in a wide array of U.S. mid-cap growth companies. By leveraging advanced research and technology, the fund adopts a disciplined approach to stock selection, ensuring testability and repeatability while minimizing emotional biases.
Research and Selection Process
The stock selection methodology is characterized by comprehensive market research and the use of daily data across various market conditions. This strategic framework is instrumental in refining the investment process, allowing for more informed and objective decisions.
Partnership with Great Gray Trust Company
The fund is trusteed by Great Gray Trust Company, a recognized name in the collective investment trust (CIT) sector. The collaboration enables the provision of world-class investment strategies, differentiating the MDT fund within the competitive landscape of growth investment strategies.
Comments from Leadership
Paul Uhlman, President of Federated Securities Corp., expressed that the MDT strategies have garnered significant interest in the retirement market. He emphasized that the new mid-cap growth CIT presents an additional opportunity for clients to access the capabilities of their investment team as they strive to expand Federated Hermes' investment platform on a global scale.
Experienced Portfolio Management Team
The management of the MDT Mid Cap Growth Fund is entrusted to a skilled portfolio management team. This includes Daniel Mahr, CFA, serving as Head of the MDT Group; Damien Zhang, CFA, Head of MDT Research; Frederick Konopka, CFA, in charge of Portfolio and Trading Management; and John Paul Lewicke, overseeing research efforts. Collectively, this team brings decades of experience from various sectors of finance, managing over $10 billion in assets across multiple investment vehicles.
Complementing Existing Offerings
This newly launched fund marks Federated Hermes' inaugural equity CIT, supplementing its portfolio of four established fixed-income CITs. These include the Federated Hermes Total Return Bond Fund, High Yield Bond Fund, Prime Cash Fund, and Unconstrained Credit Fund. Additionally, since 1986, the company has provided the Federated Hermes Capital Preservation Fund as a stable value CIT, further showcasing its commitment to offering diverse investment solutions.
Company Overview and Global Reach
Federated Hermes, Inc. is recognized as a leader in active, responsible investment management with assets under management totaling $782.7 billion as of the mid-year. The firm offers a variety of strategies, including equity, fixed-income, alternative markets, and liquidity management solutions to over 10,000 institutional clients worldwide. With a strong employee base operating from key global cities, Federated Hermes aims to curate investment solutions that meet diverse client needs, ranging from corporations to government entities.
Frequently Asked Questions
What is the primary focus of the MDT Mid Cap Growth Fund?
The fund primarily focuses on capital appreciation by investing in U.S. mid-cap growth companies, utilizing a systematic and disciplined stock-selection process.
Who manages the Federated Hermes MDT Mid Cap Growth Fund?
The fund is managed by an experienced team including Daniel Mahr, Damien Zhang, Frederick Konopka, and John Paul Lewicke, each bringing extensive industry experience to the fund's management.
What makes the MDT fund different from other growth funds?
The MDT fund distinguishes itself through its advanced quantitative research, systematic approach to stock selection, and the strategic partnership with Great Gray Trust Company, enhancing its potential for alpha generation.
How does Federated Hermes support retirement plan investors?
Federated Hermes provides a variety of investment solutions that cater to retirement plan investors, with a commitment to delivering innovative products that align with their financial goals.
What is the company's global reach?
Headquartered in Pittsburgh, Federated Hermes operates worldwide, serving over 10,000 institutional clients and managing significant assets across various investment strategies.
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