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Wednesday, September 16, 2026The Morning Brief →Sign in
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Federated Hermes Ultrashort Bond ETF (FUSD)

In PWD coverage since September 16, 2026 · 1 story
PWD coverage
RIA

Active ETFs have an empty leaderboard; distribution will fill it

Federated Hermes is selling duration targeting and covered calls into a $12 trillion mutual fund book; the managers who already hold the platform seats will set the conversion pace.
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