Fidelity expands range with global ESG fund

Launching with $80m AUM

Laura Dew
clock
John Clougherty, head of UK wholesale at Fidelity
Image:

John Clougherty, head of UK wholesale at Fidelity

Fidelity has launched the FIRST ESG All Country World fund, focusing on global companies with strong environmental, social and corporate governance.

The Luxembourg-domiciled SICAV fund, which has $80m of seed money, aims to achieve long-term capital growth using bottom-up research to find companies with the highest ESG ratings. MSCI expands ESG range with five indices It will also exclude companies that derive a significant portion of business from activities such as alcohol, weapons, gambling and tobacco. The fund is not constrained by company size, sector or geographical allocations. Co-managing the fund will be Matt Jones and Hiten Savani, who have a combined 32 years of investment experience. They were also involved in the ...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Alex Wright of Fidelity International

Fidelity's Alex Wright: People have misunderstood OMV Russia exposure

'Sentiment is overly pessimistic'

clock 23 June 2022 • 3 min read
Equity funds managed to stay in positive territory with €2.9bn of new net subscriptions

Morningstar: European fixed income funds suffer €16.5bn net outflows in May

Equity funds remained in positive territory

clock 23 June 2022 • 1 min read
Liontrust Asset Management chief executive John Ions urged for long-term focus amid short-term volatility

Liontrust boasts 41% revenue increase in face of 'challenging period short term'

Majedie acquisition added £5.2bn value

clock 22 June 2022 • 2 min read
Trustpilot