Wheels in motion at the Fed
Investors listen to comments by all Federal Reserve (Fed) policy leaders, but their ears prick up for only a few. Of course, the primary one is the chair. But the New York Fed president is not far down the list. While other regional bank presidents spend a limited number of years as voting members of the Federal […]
Why tokenise money market funds?
Fast reading Federated Hermes is actively collaborating with financial institutions and technology providers to explore blockchain-based distribution channels. These efforts aim to improve flexibility and accessibility without changing the underlying structure of MMFs. These innovations are particularly relevant for investors seeking faster settlement, real-time reporting, and streamlined compliance. Read More Watch now Listen now Read […]
Market Snapshot
Investors weigh up implications of UK Budget
Fiorino: CoCo confusion – the new debt-equity duality
Contingent convertible (CoCo) bonds are the ultimate ‘quantum’ capital instrument, behaving as either debt or equity depending on circumstances. Until those circumstances are defined, CoCos hold a unique position on bank balance sheets as both debt and equity – able to occupy two states simultaneously – rather like the cat in the box in the […]
Stewardship 2026 Outlook
The coming year will bring both challenges and opportunities. Artificial intelligence, the climate transition and the shifting sands of geopolitics will all play an outsize role but in 2026, investor stewardship will increasingly focus on systemic economic risks and opportunities alongside the financial performance of individual investments. For universal owners – those widely invested in […]
Where do we see opportunity in emerging markets debt in 2026?
Video transcript What’s your outlook for EMD in 2026? Despite the economic and geopolitical challenges of 2025, emerging market (EM) fixed income has performed strongly. Year-to-date, hard currency EM sovereign bonds have returned over 12%, while EM local bonds have delivered an impressive 15%1. These returns have been well-balanced between capital appreciation and a steady, […]
Black Friday sale has come early for the stock market
The stock market needed this correction to refuel the advance and wash out the speculators. Fundamentals remain strong and on target with our longer-term view of a climb toward 8,600 by late 2027. We are sticking with our substantial equity overweight and have added further to growth stocks on this correction. Key points: Correction long […]
Private Markets 2026 Outlook
The MD’s outlook Steve McGoohan Managing Director, Private Markets What significant developments for private markets could take place in 2026? Asset classes within private markets are impacted by the same macro factors as their public-market counterparts, although the method and timing of those impacts may vary. Digitisation, demographics, and deglobalisation are significant mega-trends that will continue […]
Liquidity 2026 Outlook
The CIO’s view Deborah Cunningham, CFA Chief Investment Officer, Global Liquidity Markets, Senior Portfolio Manager, Executive Vice President, Federated Hermes, Inc. What’s your one contrarian view going into 2026? That the US Federal Reserve (the Fed) will remain independent. The Trump administration’s relentless criticism of Fed Chair Jerome Powell has led many to think the president […]
Fixed Income 2026 Outlook
The CIO’s view Robert Ostrowski Executive Vice President, Chief Investment Officer What’s your outlook for 2026? Fixed income markets enter the new year with a surplus of unanswered questions. To be fair, 2025 answered some. A year ago, we expected a repeat of the post-2016 election environment, with a combination of a doveish-leaning Federal Reserve […]
