The actively managed exchange-traded fund (ETF) invests in investment-grade debt securities with an effective duration of one year or less.
Federated Hermes has launched the Federated Hermes Ultrashort Bond exchange traded fund (ETF) (FUSD), an actively managed ETF that provides current income while maintaining a short-duration fixed-income profile. The fund is managed by Nicholas Tripodes, Daniel Mastalski and Bradley Payne The ETF primarily invests in a diversified portfolio of investment-grade debt securities and seeks to provide total return consistent with current income. The fund limits its effective duration to one