Fidelity adds four new ESG funds

Fidelity Investments has announced the launch of four new ESG funds.

The new funds are:
Fidelity Sustainable International Equity Fund (FSYRX)
Fidelity Sustainable Emerging Markets Equity Fund (FSYJX)
Fidelity Sustainable Multi-Asset Fund (FYMRX)
Fidelity Sustainable High Yield ETF (FSYD)

Each of the new funds will use Fidelity’s proprietary ESG ratings framework and third-party ESG ratings to evaluate a company’s or issuer’s sustainable business practices.

Principal Investment Strategies for Fidelity’s Four New Sustainable Funds

Fidelity Sustainable International Equity Fund invests at least 80% of assets in equity securities of companies that have proven or improving sustainability practices based on an evaluation of such companies’ individual environmental, social, ESG profile.

Fidelity Sustainable Emerging Markets Equity Fund invests at least 80% of assets in equity securities of companies in emerging markets, including equity investments that are tied economically to emerging markets, that have proven or improving sustainability practices based on an evaluation of such companies’ individual ESG profile.

Fidelity Sustainable High Yield ETF invests at least 80% of the fund’s assets in debt securities rated below investment grade (also referred to as high yield debt securities or junk bonds) of issuers that have proven or improving sustainability practices based on an evaluation of such issuers’ individual ESG profile.

Fidelity Sustainable Multi-Asset Fund invests at least 80% of assets in Fidelity funds, including mutual funds and ETFs, that invest in securities of issuers that have proven or improving sustainability practices based on an evaluation of such issuers’ individual ESG profile and in Fidelity index funds that track ESG indices.