J. Christopher Donahue
President, CEO & Director at Federated Hermes
Looking at the MDT strategies in funds and SMAs on a combined basis, net sales were $2,500,000,000 in Q1, more than double the prior quarter's 1,200,000,000 Q1 continued the sales momentum from last year when net sales for these strategies reached $3,400,000,000 up substantially from $411,000,000 in 2023. For the second quarter through April 18, these strategies have had net sales of $345,000,000 We are also seeing MDT interest from institutional investors as evidenced by net sales of nearly $700,000,000 in Q1 and by MDT wins of $1,700,000,000 that have yet to fund. Q1 saw further improvement inflows from strategic value dividend strategies, both domestic and international. These strategies had Q1 combined fund and SMA net sales of $188,000,000 from combined funds and separate accounts compared to negative $221,000,000 of net redemptions in the prior quarter. For Q2 through April 18, these strategies had net sales in combined funds and SMAs of $47,000,000 We had net sales in 18 equity fund strategies during the first quarter, including the aforementioned MDT MidCap Growth, MDT LargeCap Growth, importantly, the MDT MidCap Collective, also MDT AllCap Core, MDT Large Cap Value and again, MDT Large Cap Growth ETF.