The active exchange-traded fund (ETF) gives investors exposure to developed market companies outside the US.

Federated Hermes has launched the Federated Hermes International Leaders ETF (FHIL), an actively managed exchange traded fund (ETF) focused on developed market equities. The ETF combines the firm's international equity investment strategy with the features of the ETF structure The ETF aims to achieve long-term capital growth by investing primarily in established international companies that the manager believes are trading below their intrinsic value. The portfolio will typically hold betwe