Federated Hermes launches UCITS version of EM debt fund

Will use EM-focused methodology

Federated Hermes has launched a UCITS version of its Emerging Market Debt fund.

Lead portfolio managers Mohammed Elmi and Jason DeVito are based in London and Pittsburgh - Federated Hermes' headquarters - respectively. They will work alongside portfolio manager Ihab Salib, who is also based in Pittsburgh. The fund, which utilises the team's proprietary EM-focused scoring methodology, aims to achieve capital growth and a high level of income for investors, through the use of sovereign, corporate and quasi-sovereign securities. Investment are chosen based on bottom-up fundamentals, as well as regional allocation and consideration of the macroeconomic environment. H...