Fidelity International has launched the Fidelity Global Equity Research Enhanced PAB Ucits ETF, listed on Germany’s Deutsche Börse Xetra.
The ETF is the firm’s first equity from the asset manager’s research-enhanced strategy range aligned with the Paris-Aligned Benchmark (PAB) framework.
The fund invests in global equities and aims to deliver income and capital growth while restricting portfolio carbon exposure in line with the Paris Agreement’s objectives, a set of EU standards designed to help investors align their portfolios with a focus on cutting carbon emissions and excluding companies, aiming to keep global warming below 2°C.
The fund also aligns with the Solactive ISS ESG Screened Paris Aligned Developed Markets USD Index NTR and is classified as an Article 9 fund under the Sustainable Finance Disclosure Regulation (SFDR).
The EU’s SFDR classifies investment funds into three categories: Article 6 (non-ESG), Article 8 (“light green” – promoting ESG characteristics) and Article 9 (“dark green” – targeting measurable sustainability objectives). The regulation aims to redirect capital towards sustainable investments, manage ESG risks and enhance transparency across financial markets.
Neil Davies, head of ETF product and capital markets for Europe and Asia Pacific, Fidelity International, said: “At Fidelity, we’re proud to bring our clients a broad and growing range of active ETFs that tap into the depth of our global research and investment expertise. This addition to our Research Enhanced ETF range provides clients even greater choice across asset classes, geography and sustainability preference, all utilising the active insights from Fidelity’s global investment platform, aiming to deliver market beta and alpha at a competitive price.”
Jenn-Hui Tan, chief sustainability officer, Fidelity International, added: “Sustainability remains a core consideration for many of our investors, and we are seeing increased demand for a greater range of options to express their sustainability preferences. This natural evolution of our product range provides more choice and greater transparency for those clients seeking to integrate climate objectives alongside financial goals in their investment portfolios.”
