Fidelity sheds carbon cutting fund name

Previously Reduced Carbon Bond fund

Fidelity has changed the name of one of its sustainable funds, shedding its ‘reduced carbon’ label.

The €65m SICAV Fidelity Funds Sustainable Reduced Carbon Bond fund is now the Fidelity Funds Sustainable Climate Bond fund. A spokesperson for Fidelity said the change is to "better reflect the underlying strategy", and there will be "no changes to the investment process" to the fund. The fund has a global focused, with two, five, and ten year Treasuries in its top five holdings. Its main corporate bond holdings are Autodesk, Morgan Stanley, Credit Agricole London Branch, Goldman Sachs Group and Takeda Pharmaceutical. Fidelity International poaches abrdn sustainability fund manager...