Fidelity Investments launches ESG bond mutual fund, ETFs

By Marisa Wong

Los Angeles, June 16 – Fidelity Investments expanded its sustainable investing lineup with five new actively managed environmental, social and governance funds – two equity mutual funds, one bond mutual fund and two equity exchange-traded funds – available June 17, according to a press release.

The new equity funds will seek to invest in high-quality companies that are addressing climate change through corporate strategy or through products and services, prioritizing and advancing women’s leadership and development or that have proven or improving sustainability practices.

Additionally, Fidelity will offer a bond fund seeking to invest in companies that provide environmental solutions or support efforts to reduce their own environmental footprints.

The three new actively managed mutual funds are Fidelity Climate Action Fund (FCAEX), Fidelity Environmental Bond Fund (FFEBX) and Fidelity Sustainability U.S. Equity Fund (FSEBX).

The two new actively managed ETFs are Fidelity Sustainability U.S. Equity ETF (FSST) and Fidelity Women’s Leadership ETF (FDWM).

Fidelity said that with the addition of these new funds, it will offer investors and advisors 11 ESG mutual funds and ETFs.

The financial services company is based in Boston.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.