Bermuda-based Fidelity International has launched a sustainable water and waste fund, which will invest in sustainable investment opportunities within the water and waste management sectors.
The dollar-denominated Sicav fund seeks to deliver strong risk adjusted returns across the cycle by investing globally in companies involved in the design, manufacture or sale of products and services in the water and waste management sectors.
It will also have the ability to invest across the water and waste value chains, including in companies developing new technologies to meet ever growing demand.
The fund will be managed by Bertrand Lecourt (pictured), who joins Fidelity from Polar Capital and brings with him over 18 years’ experience researching water and waste utilities.
Lecourt said: “The story of water and waste is as old as the story of civilisation, yet companies in this sector remain relatively unexplored by investors.
“Investment opportunities in these sectors are driven by ever increasing demand for clean water and sanitation needs, as well as a better ability to manage the waste created by populations growing larger, wealthier and increasingly urbanised.”
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