Federated Investors, Inc. Launches Federated Global Strategic Value Dividend Fund
January 31, 2017 at 04:15 pm EST
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Federated Investors, Inc. announced the launch of Federated Global Strategic Value Dividend Fund, a global equity mutual fund that invests primarily in high dividend-paying common stocks with dividend growth potential in the U.S. and across the globe. The fund generally invests in large-cap or mid-cap stocks and may also hold American Depository Receipts and real estate investment trusts. Federated Global Strategic Value Dividend Fund is the newest offering in the $37 billion Strategic Value Dividend suite of products, which includes the $14 billion Federated Strategic Value Dividend Fund, the $801 million Federated International Strategic Value Dividend Fund and an array of institutional separate accounts and managed accounts. The team has managed a similar managed account offering for more than five years. The portfolio management team brings more than 70 years' combined investment experience and has extensive experience identifying, analyzing and selecting consistent dividend-paying holdings. Federated Global Strategic Value Dividend Fund, which uses MSCI World High Dividend Yield Index as its benchmark, expects to pay monthly dividends. It is marketed in A, C, IS and R6 share classes.
Federated Hermes, Inc. is an investment management company. The Company operates through a single segment, being the investment management business. It sponsors, markets and provides investment-related services to various investment products, including sponsored investment companies and other funds (Federated Hermes Funds); and Separate Accounts, which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets. In addition, it markets and provides stewardship and real estate development services to various domestic and international companies. The Company provides investment advisory services to approximately 180 Federated Hermes Funds. It markets these funds to institutional customers and banks, broker/dealers and other financial intermediaries who use them to meet the needs of customers and/or clients, including, among others, retail investors, corporations and retirement plans.