Index investing and Dr. Frankenstein’s creation

Introduced in 1957, the S&P 500 is the most widely cited US equity index, with more money managed to it, by far, than any other benchmark. As such, it has become a proxy for the health of US investors, corporate America and the overall economy. Initially a tool for measurement and understanding, the S&P has […]
The US SMID revival: Why this quiet rotation matters

Valuations are attractive, but this time there’s more At the 14-year mark, the current outperformance cycle by US large-cap stocks over small cap is well past the historical 10-year average. US small and mid-cap (SMID) companies have been out of favour since the pandemic due to the high-interest rate environment, growing geopolitical tensions, recessionary concerns […]
Global Equity ESG, H1 2025

Fast reading Market and performance review, H1 2025 Engagement overview and ESG outcomes Thematic focus: Our new AI assessment of engagement sentiment Case studies: Sumitomo Financial Group & UGI Read More Watch now Listen now Read More Watch now Listen now Read More Watch now Listen now Download For more information on Global Equity ESG. […]
ECB holds rates as France struggles with debt crisis

market snapshot
Meet the Manager: Kelly Patel

Video transcript What’s your role at Federated Hermes? My name is Kelly Patel and I’m the Portfolio Analytics Manager for the MDT team at Federated Hermes. I began working at MDT straight out of college, and I’ve spent my entire professional career here since. Throughout my career I’ve worked in a variety of analytical roles […]
Asia ex-Japan Equity: Letter to Investors

It was us and we did it! (we think)
Sustainable Global Equity, H1 2025

Fast reading Investment review, H1 2025 Impact performance Engagement overview Thematic focus: The investment case for electrification Key holdings: Epiroc, TSMC, Trane Technologies, Schneider Electric Read More Watch now Listen now Read More Watch now Listen now Read More Watch now Listen now Sustainable Global Equity, H1 2025 Download For information on Sustainable Global Equity. Share: […]
Bond markets fret over rising budget deficits

market snapshot
Investing in a changing China

Video transcript Can you provide an overview of China’s current economic landscape? Over the last few years, China has faced multiple challenges: the property market bubble bursting, an ageing population, anticipation of US protectionist trade policies leading to a sharp drop in foreign investment, and increasing onshore investment by Chinese companies. Furthermore, consumer confidence remains […]
Looking on the bright side

Football season is upon the US, but the biggest end-around is not on the field but in Washington as President Donald Trump is trying another way to influence the Federal Reserve (Fed). But before I address his attempt to remove Fed Governor Lisa Cook, I’d like to discuss some positives in the money markets. Plumbing is in […]