Record Assets Under Management
Federated Hermes ended Q3 with record assets under management of $871 billion, with significant contributions from money market and equity strategies.
Equity and Fixed Income Growth
Equity assets increased by $5.7 billion or 6% from the prior quarter, and fixed income assets rose by $3.1 billion to reach a record high of $101.8 billion.
Strong MDT Equity Strategy Performance
MDT equity strategies had Q3 net sales of $2 billion, with 7 of the 8 MDT equity mutual fund strategies in the top performance quartile for the trailing 1 and 3 years.
Innovative Digital Asset Initiatives
Federated Hermes announced the tokenization of two UCITS money market funds and is exploring other digital asset opportunities, indicating commitment to ongoing digital innovation.
FCP Acquisition
Agreement to purchase a controlling interest in FCP, a U.S.-based real estate investment manager with $3.8 billion in assets under management, facilitating entrance into the U.S. real estate market.