Fidelity International has launched three actively-managed ESG ETFs, further expanding the five-strong Sustainable Family range of funds it released in last September.
The ETFs, which each comprise US, global and European indices, employ a "systematic active strategy" and will hold companies that have achieved high scores using Fidelity's Sustainable Ratings - internally-produced five-stage ratings between buy and sell, and sustainable ratings marked between A and E. Each of the new portfolios will typically hold between 250 and 300 stocks and will be rebalanced quarterly. Fidelity Sustainable Research Enhanced US Equity and Enhanced Europe Equity will have OCFs of 0.3%, while the Enhanced Global Equity fund will have an OCF of 0.35%. The former two...
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