Fidelity has expanded its sustainable range of funds and now has a total of eight.
The firm's eight funds meet Article 9 requirements, meaning 100 per cent of fund investments need to go into sustainable investments.
The group of funds is made up of a mix of active and exchange traded products.
Fidelity said the new additions are to meet a growing demand for more sustainable investments.
Jenn-Hui Tan, the company’s chief sustainability officer, said the funds are supported by Fidelitys sustainable investing framework with targets from the United Nations’ sustainable development goals.
He added: “From this foundation, we have been able to develop a series of fund solutions for clients wishing to align their investments with the transition to a sustainable economy.”
Fidelity has launched two brand new sustainable funds. These are the Sustainable Global Equity Fund, managed by Cornelia Furse with Matt Egerton as assistant portfolio manager, and the Sustainable Asian Focus Fund, managed by Mohit Mandhana.
Another four funds have been reclassified to Article 9 from Article 8 which “promote ESG characteristics” but don’t have a specific sustainable investment goal.
These funds are: Sustainable Biodiversity Fund, Sustainable Climate Solutions Fund, Sustainable Eurozone Equity Fund and Sustainable US Equity Fund.
The six active funds are joined by two exchange traded funds: the Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF and the Fidelity Sustainable Global High Yield Bond Paris-Aligned Multifactor UCITS ETF.
Christophe Gloser, head of sales for Europe at Fidelity said: “Sustainability is one of the biggest and most disruptive megatrends that the sector is facing and one that is impacting our investment decision process.
"We are committed to providing the best solutions for our clients which is why we strive to further develop relevant products for our clients in the long-term. The expansion of our Sustainable Family range of funds now counts nearly 60 active strategies, offering clients access to a range of funds across asset classes with a coherent ESG framework.”
tara.o'connor@ft.com
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