Fidelity to open 2021 with five further sustainable funds

Three of the new Luxembourg-domiciled funds will be regional focused portfolios and will join the Sustainable Family, while the remaining two will offer investors access to thematic investments, with each fund seeking long-term capital growth. To be part of the Sustainable Family, a fund must hold at least 70% in companies with MSCI-rated ESG scores of at least BBB, with the remaining 30% requiring improving ESG trajectories. Fidelity launches three new ESG ETFs Managed by Dhananjay Phadnis and supported by Flora Wang, director for sustainable investing, the Fidelity Funds - Sustai...