Federated enters ETF market with 2 active bond funds
![Federated](https://s32566.pcdn.co/wp-content/uploads/2021/08/etf-4-951x634.jpg.optimal.jpg)
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
Learn more about reprints and licensing for this article.