Investment manager Federated Hermes has rolled out the Federated Hermes U.S. SMID Fund, along with a model-delivery separately managed account (SMA) having the same investment strategy.

The new vehicle will identify high-quality companies with a durable competitive advantage, aimed at long-term capital appreciation.

It will offer exposure to growth-and value-oriented equity securities. The focus will be on small- and mid-capitalisation US companies.

It will also incorporate ESG factors and utilise the Russell 2500 Index as its benchmark.

Mark Sherlock, portfolio manager and head of the U.S. equities team at Hermes Investment Management in London, will run the new strategy.

Henry Biddle, Alex Knox, and Michael Russell will serve as co-managers on the fund.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Federated Advisory Companies president and CEO John Fisher said: “We are seeing growing interest from our U.S. clients in actively managed equity strategies, and this new fund complements our existing products while expanding the availability of the fully ESG-integrated investment processes of our London office.

“The strategy’s investment approach provides investors with the opportunity for strong long-term, risk-adjusted performance.”

Pittsburgh-based Federated Hermes managed $605.8bn in assets at the end of March 2020.

It serves corporations, government entities, insurance companies, foundations and endowments, as well as banks and broker/dealers. The firm’s staff headcount is over 1,900.