PITTSBURGH, June 29, 2020 /PRNewswire/ -- Federated Hermes,
Inc. (NYSE: FHI), a leading global investment manager, has renamed
the majority of its investment products to reflect the Federated
Hermes brand. Most of the firm's funds worldwide are now identified
as "Federated Hermes" products, effective at the close of business
June 26, 2020, with the first use of
the new names beginning June 29.
With the change, the Federated Hermes name is now assigned to
most products that comprise the U.S.-based and London-based businesses of Federated Hermes.
As examples, Federated Strategic Value Dividend Fund becomes
Federated Hermes Strategic Value Dividend Fund, while Hermes Global
High Yield Credit Fund becomes Federated Hermes Global High Yield
Credit Fund.
The renaming of the funds and other investment products is an
evolutionary progression following the February 2020 introduction of the Federated
Hermes corporate identity, which reflected the combination of the
names of two leading active management firms. Federated Hermes
offers world-class active investment management and engagement
services across a wide range of asset classes for investors around
the world.
"The rebranded investment products underscore our conviction
that responsible investing is the best way to create wealth over
the long term," said J. Christopher
Donahue, president and chief executive officer of Federated
Hermes. "As an investment manager that has been in the business of
innovating for decades, Federated Hermes looks toward a bright
future where we can meet the needs of a diverse, evolving market,
introduce new ideas, seek out new opportunities and, always, embody
our values in all that we do."
The adoption of the new naming convention for the funds will not
change investment strategies. Fund identifiers—such as CUSIPS,
NASDAQ and tax identification numbers—also will not change.
Federated Hermes, Inc. is a leading global investment
manager with $605.8 billion in assets
under management as of March 31,
2020. Guided by our conviction that responsible investing is
the best way to create wealth over the long term, our investment
solutions span 163 equity, fixed-income, alternative/private
markets, multi-asset and liquidity management strategies and a
range of separately managed account strategies. Providing
world-class active investment management and engagement services to
more than 11,000 institutions and intermediaries, our clients
include corporations, government entities, insurance companies,
foundations and endowments, banks and broker/dealers. Headquartered
in Pittsburgh, Federated Hermes'
more than 1,900 employees include those in London, New
York, Boston and several
other offices worldwide. For more information, visit
FederatedHermes.com.
Certain statements in this press release, such as those related
to meeting the investment needs of a diverse, evolving market,
introducing new ideas and seeking out new opportunities, constitute
or may constitute forward-looking statements, which involve known
and unknown risks, uncertainties and other factors that may cause
the actual results, levels of activity, performance or achievements
of the company, or industry results, to be materially different
from any future results, levels of activity, performance or
achievements expressed or implied by such forward-looking
statements. Other risks and uncertainties include the ability of
the company to predict the level of fee waivers and expenses in
future quarters, predict whether performance fees or carried
interest will be earned and retained, sustain product demand, and
asset flows and mix, which could vary significantly depending on
various factors, such as market conditions, investment performance
and investor behavior. Other risks and uncertainties include the
risk factors discussed in the company's annual and quarterly
reports as filed with the SEC. As a result, no assurance can be
given as to future results, levels of activity, performance or
achievements, and neither the company nor any other person assumes
responsibility for the accuracy and completeness of such statements
in the future.
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SOURCE Federated Hermes, Inc.
