Why Mutual Fund Companies Are Entering the ETF Industry

Brandon Clark, senior vice president, director of ETF business at Federated Hermes, is the perfect person to discuss the phenomenon of mutual fund companies entering the ETF space. Federated Hermes has been involved with mutual funds for decades, but the firm recently launched a handful of ETFs. Why did it act now, and what does the future hold for Federated Hermes and other mutual fund companies?