Federated Hermes Sustainable Global Equity Strategy Report 2023

This document is a report detailing the performance and strategies of the Federated Hermes Sustainable Global Equity Strategy for the year 2023. It outlines the strategy's significant return of 27.2%, outperforming the benchmark of 22.2%, attributed to strong stock selection and a high hit rate. The report discusses key market drivers, including advancements in healthcare related to diabetes and obesity treatments, particularly through Novo Nordisk, and the transformative impact of artificial intelligence on various sectors. The document also highlights the strategy's focus on quality businesses and its dynamic investment approach, which allows for adjustments based on macroeconomic conditions. Additionally, it presents engagement efforts with portfolio companies to promote sustainability and governance, detailing the number of companies engaged and voting outcomes. The report concludes with an outlook on economic conditions and the anticipated benefits of the strategy's positioning in technology and industrial sectors, emphasizing a cautious optimism for future performance.