Fidelity International has launched two sustainable fixed income funds.
The Sustainable Social Bond Fund aims to achieve capital growth and provide income by investing in sustainable investments. It invests at least 70% of its assets in investment grade corporate debt securities from anywhere in the world and at least 80% of the portfolio is invested in bonds which are socially oriented.
The fund invests both in issuers that are providing a product or service that contribute to the targeted social United Nations’ sustainable development goals and in bonds that directly contribute to social themes via use of proceed bonds.
Meanwhile, the Sustainable Global Corporate Bond Fund aims to achieve capital growth andf provide income by investing in sustainable investments, with at least 70% of its assets in investment grade corporate debt securities from anywhere in the world.
Each fund will be managed by both Kristian Atkinson (lead manager of the Sustainable Global Corporate Bond Fund) and Shamil Gohil (lead manager of the Sustainable Social Bond Fund).
Christophe Gloser, Fidelity’s head of European distribution, said: “These funds are a complementary solution to our sustainable global equity strategies, providing clients with a range of sustainable building blocks.”
