Federated Hermes Q4 Earnings Call Highlights

Donahue said equity assets increased by 3.2billion,or33.2 billion, or 3%, in the fourth quarter versus the prior quarter, with about half of the increase coming from net sales. He pointed to record gross equity sales of 31 billion in 2025, including 9billioninthefourthquarter.Fourthquarternetequitysaleswere9 billion in the fourth quarter. Fourth-quarter net equity sales were 1.5 billion, and full-year 2025 net equity sales were 4.6billion,whichmanagementsaidwasasubstantialimprovementfromnetredemptionsof4.6 billion, which management said was a substantial improvement from net redemptions of 10.7 billion in 2004.Money market assets rose by $30 bill ...