Federated Hermes launches active ETF for investors seeking consistent monthly distribution

Federated Hermes (NYSE:FHI [https://seekingalpha.com/symbol/FHI]) announced [https://seekingalpha.com/pr/20258857-federated-hermes-launches-active-etf-targeting-high-monthly-distributions] on Wednesday the launch of an active ETF that delivers distribution from underlying equity holdings and net premiums received from call spread writing.

The Federated Hermes Enhanced Income ETF (PAYR [https://seekingalpha.com/symbol/PAYR]) is designed to deliver a relatively consistent monthly cash flow and a disciplined approach to managing risk.

"It provides the opportunity to diversify an enhanced income allocation or to replace a portion of the bond sleeve for investors shifting their allocations as they near retirement," said John Fisher, CEO of Federated Advisory Companies.

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