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Unlocking the potential of European short-term debt: Federated Hermes launches Euro Prime Fund
Investment Funds

Unlocking the potential of European short-term debt: Federated Hermes launches Euro Prime Fund

The new Fund is now available to investors and offers a portfolio of high-quality euro-denominated short-term debt instruments.
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20 JUN, 2023

By RankiaPro Europe

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Federated Hermes, Inc. (NYSE:FHI), today announces the launch of the Federated Hermes Short-Term Euro Prime Fund. The new Fund is now available to investors and offers a portfolio of high-quality euro-denominated short-term debt instruments. 

The Federated Hermes Short-Term Euro Prime Fund is the first European-domiciled liquidity product the firm has launched, following the completion of Federated Investors’ acquisition of Hermes Investment Management in July 2018.

As Federated Hermes’ first euro-denominated money markets solution, the Fund is an extension of the asset manager’s currency offering from its $505.8 billion AUM (as of 31 March 2023) global liquidity platform, sitting alongside its Short-Term USD Prime and Short-Term Sterling Prime Funds. 

Interest rate increases by the European Central Bank have reignited investor demand for the asset class in recent months, following years of near-zero rates. The Fund offers asset allocators with daily euro liquidity requirements an opportunity to deliver an improved return profile on their bank deposits. 

The Fund is co-managed by Gary Skedge, Senior Portfolio Manager, and Joanne Bartell, Portfolio Manager, overseen by Deborah Cunningham, Chief Investment Officer of Global Liquidity Markets, and Paige Wilhelm, Senior Portfolio Manager and Head of the Prime Liquidity Group. 

Both Skedge and Bartell are highly experienced portfolio managers with a proven track record of delivering strong investment performance. The Fund will initially be available to investors in Austria, Finland, Germany, Ireland, Italy, Luxembourg, Portugal, Spain, Netherlands, and the United Kingdom.

The Fund’s comparative performance will be measured against the IMMFA EUR Prime MMFS Stable NAV peer group.

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