Fidelity Investments has announced the launch of a new ESG fund, the Healthy Future fund.

Fidelity says the equity strategy invests in companies whose products and services extend and/or improve life expectancy, enhance health or mitigate negative environmental impacts affecting health and wellness. It invests in themes such as healthcare, nutrition, mental health, reduction in air pollution, and housing and will use Fidelity’s proprietary forward-looking and historical ESG ratings framework alongside third-party ESG ratings to analyse a company’s or issuer’s sustainable business practices.

“The pandemic has put the importance of overall health and wellness at the forefront of consumer consciousness, and we believe there are many factors that will continue to drive this global trend,” said Pam Holding, Co-Head of Equity and Head of Sustainable Investing at Fidelity Investments. “With this new fund, Fidelity offers investors the opportunity to gain exposure to the long-term movement of health and wellness through an actively-managed sustainable strategy.”