Investment management firm Fidelity announced today the launch of five new actively managed ESG funds, aimed at providing sustainable investment offerings focused on a broad range of areas including climate, environment, and gender diversity. The new funds include two equity mutual funds, one bond mutual fund and two equity exchange-traded funds (ETFs).
Pam Holding, Co-Head of Equity and Head of Sustainable Investing at Fidelity Investments, said:
“Investors are increasingly interested in aligning their values and priorities with their investment decisions. Fidelity’s new ESG mutual funds and ETFs offer these investors new ways to align their financial and personal goals.”
The new mutual funds include the Fidelity Climate Action Fund (FCAEX), Fidelity Environmental Bond Fund (FFEBX), and Fidelity Sustainability U.S. Equity Fund (FSEBX), and the ETFs include Fidelity Sustainability U.S. Equity ETF (FSST) and Fidelity Women’s Leadership ETF (FDWM).
According to Fidelity, the equity funds aim to invest in high-quality companies that are addressing climate change via corporate strategy or through products and services, prioritizing and advancing women’s leadership and development, or that have proven or improving sustainability practices. The bond fund targets companies that provide environmental solutions or support efforts to reduce their own environmental footprints. The ETFs will have the same investment strategies as their corresponding mutual funds.
With the launch of the new funds, Fidelity now offers 11 ESG-focused mutual funds and ETFs.
“Fidelity will continue to expand our sustainable investing solutions and resources to help our customers connect their financial goals to positive outcomes in the broader world.”