Federated Hermes has launched the Short-Term Euro Prime fund, the asset manager’s first euro-domiciled money market product.
It offers a portfolio of high-quality euro-denominated, short-term debt instruments and it is co-managed by Gary Skedge and Joanne Bartell.
The fund is overseen by CIO of global liquidity markets Deborah Cunningham, and Paige Wilhelm, senior portfolio manager and head of the Prime Liquidity Group.
Cunningham said: “In an uncertain and volatile market environment, short-term debt can offer investors a low-risk, highly liquid solution, invested in high-quality assets.
“We believe that the European short-term debt market offers particularly attractive investment opportunities amid higher interest rates as well as protection from inflation.”
The fund is now open to investors, and it is launched at a time in which money market funds have been receiving sizeable inflows.
