Federated Hermes Short Duration High Yield ETF

FHYS

Market cap $34.9M

•  New products double the number of Federated Hermes ETFs  PITTSBURGH , July 31, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in investment management, today announced the launch of four actively managed ETFs that take a quantitative approach to stock selection. The new products offer investors another way to access the disciplined Federated Hermes MDT investment process, crafted and refined for more than 30 years and now available in an ETF structure.

The yield on the benchmark 10-year Treasury rose to around 4.38%, hovering at its highest levels of 2024, up from 3.95% recorded at the start of 2024.

Atlanta Fed President Bostic's insights emphasized the importance of data-driven decision-making and indicated that the first rate should not come before summer time.