Fidelity expands range with global ESG fund

Launching with $80m AUM

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 ...