Fidelity launches reduced carbon bond fund

Seeks "genuine impact" on reducing emissions

Fidelity International has announced the launched the Fidelity Funds - Sustainable Reduced Carbon Bond fund, which takes aim at the "huge threat but also opportunity" posed by climate change.

The fund seeks to build a global corporate bond portfolio that limits exposure to firms with the highest carbon emissions intensity and largest carbon reserves. Fidelity launches sustainable family of funds range It will have an annual management charge of 0.4% along with other expenses of 0.3%. Kris Atkinson, lead portfolio manager of FF Sustainable Reduced Carbon Bond fund, said: "Some investors believe green investing is black and white, only considering companies with low or zero emissions. It is not. "To tackle the threat of climate change as investors we need to embrace co...