Federated Hermes has launched an Article 9 fixed income fund with CCLA.
The Federated Hermes Sustainable Global Investment Grade Credit fund will seek to deliver a total return with a reduced environmental footprint compared to the benchmark, measured using carbon, water and waste footprint metrics. Managed by senior portfolio managers Nachu Chockalingam and Orla Garvey, the launch followed the unveiling of the firm's Sustainable Global Equity fund in 2021. Along with an exclusions framework, the fund also employs a high barrier to entry for names entering the portfolio, utilising the teams' proprietary scoring models and engagement expertise. The fund...
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