Hermes launches multi-asset inflation fund

Hermes Investment Management is launching its first product for the recently launched multi-asset team headed by Tommaso Mancuso.

The Hermes Multi-Asset Inflation fund will invest in a range of inflation-related assets in an effort to achieve a return of RPI+3%, with a low tracking error to inflation and similar volatility to inflation-linked gilts. Hermes' chief executive, Saker Nusseibeh (pictured), said: "We have established skills in manager and asset class research, quality control and due diligence combined with modelling and portfolio construction expertise. "We believe that this, along with best in class components in many asset classes will form an integral part of our proposition." The announcement ...