Federated enters ETF market with 2 active bond funds
The asset manager known mostly for its money market funds has high hopes for its late move into fast-growing exchange traded funds. The firm first filed plans to launch the fund 10 years ago.
Federated Hermes, a $645 billion asset manager largely concentrated in the money market space, is dipping a toe into ETFs with two actively managed fixed-income strategies it filed with the Securities and Exchange Commission Thursday afternoon.
Once approved and launched, the short-term corporate
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