America's money market industry: is it at risk? [Yahoo! Finance News]
Federated Hermes, Inc. (FHI)
Last federated hermes, inc. earnings: 4/30 04:17 pm
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Source: Yahoo! Finance News
By David Randall and Megan Davies NEW YORK Reuters) - Seen as a quintessentially safe bet for many Americans, the $3.8 trillion money-market fund industry is under severe duress for a second time in the past decade as investors weigh the risk of a global economic shutdown. U.S. Treasury Secretary Stephen Mnuchin said the money market industry is "critical to Americans". The U.S. Federal Reserve on Wednesday night rolled out its third emergency credit program in two days, announcing it would make loans to banks that offer as collateral assets purchased from money-market mutual funds. The Fed is dusting off the playbook it used during the 2007-2008 financial crisis, when it took the unprecedented step of backstopping the money fund industry. The Fed's moves should help alleviate concerns for some of the riskier funds. Here is how the industry is set up and where the riskier corners lie: What is a money market fund? Many see the money-market fund as the safest thing outside a bank deposi
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News
- Federated Hermes, Inc. launches MDT Mid Cap Growth Collective Investment FundPR Newswire
- Over-priced Fed rate cuts make T-bills unattractive, Federated Hermes says [Yahoo! Finance Canada]Yahoo! Finance Canada
- Over-priced Fed rate cuts make T-bills unattractive, Federated Hermes says [Yahoo! Finance]Yahoo! Finance
- An excellent week for Federated Hermes, Inc.'s (NYSE:FHI) institutional owners who own 83% as one-year returns inch higher [Yahoo! Finance]Yahoo! Finance
- Month-end portfolio data now available for Federated Hermes Premier Municipal Income FundPR Newswire
FHI
Earnings
- 7/25/24 - Miss
FHI
Sec Filings
- 9/9/24 - Form 497
- 9/9/24 - Form 497K
- 8/28/24 - Form N-PX
- FHI's page on the SEC website