Sunday, July 3, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Mutual Funds

Fidelity Launches New Active ESG ETFs, Mutual Funds, ‘FSST’ & ‘FDWM’

MtR by MtR
June 16, 2021
in Mutual Funds
0


Today, Fidelity Investments added two new equity ETFs to its ESG product suite, along with two equity ESG mutual funds and one bond ESG mutual fund. The funds, which are available to investors starting tomorrow, June 17, will use Fidelity’s semi-transparent active structure.

The two ETFs include the Fidelity Sustainability U.S. Equity ETF (FSST) and the Fidelity Women’s Leadership ETF (FDWM), which will follow similar strategies to two like-named Fidelity equity mutual funds, one of which is also launching today.

FSST and FDWM will track high-quality companies that are addressing climate change (either by corporate policy or through the products and services they offer); or that are advancing women’s leadership and development; or companies that have proven or improving sustainability practices, according to the release announcing the launch.

This brings the total number of ESG ETFs and mutual funds that Fidelity offers up to eleven.

“Investors are increasingly interested in aligning their values and priorities with their investment decisions. Fidelity’s new ESG mutual funds and ETFs offer these investors new ways to align their financial and personal goals,” said Pam Holding, Co-Head of Equity and Head of Sustainable Investing at Fidelity Investments, in the release. “Fidelity will continue to expand our sustainable investing solutions and resources to help our customers connect their financial goals to positive outcomes in the broader world.”

About FSST and FDWM

FSST will invest at least 80% of its assets in the stocks of U.S. companies that have proven or are improving their sustainability practices, based on Fidelity’s evaluation of those companies’ ESG profiles. The launch is accompanied by a mutual fund of a similar name and investment objective.

Meanwhile, FDWM will invest at least 80% of its assets in the stocks of companies that are prioritizing and advancing women’s leadership and development.

Eligible companies include those that include at least one woman on the senior management team; those that are governed by a board of directors for whom women represent at least one-third of membership; or companies that have, in Fidelity’s opinion, adopted policies that are designed to attract, retain, and promote women within their workforce.

Fidelity already offers a mutual fund with a similar name and investment objective to FDWM, the Fidelity Women’s Leadership Fund (FWOMX).

With these two launches, Fidelity now has nine ETFs in its product suite using its semi-transparent active model, in addition to five fully-transparent bond ETFs, 15 factor ETFs, 11 indexed sector ETFs, and the Fidelity Nasdaq Composite Index ETF (ONEQ).

Fidelity’s take on the semi-transparent active ETF structure uses a proprietary tracking basket methodology that conceals a fund’s daily holdings, while still allowing for the flexibility and intraday trading of the ETF vehicle. True portfolio holdings for the funds are published on a monthly basis.

Fidelity’s model has been licensed by several legacy asset managers, including Capital Group, Goldman Sachs Asset Management, Invesco, Hartford Funds, John Hancock Investment Management, and Putnam Investments.

As of the end of May, Fidelity had $10.8 trillion in assets under administration, including discretionary assets of $4.1 trillion.

For more news, information, and strategy, visit ETF Trends.

Read more on ETFtrends.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



Source link

Related articles

Edelweiss MF to launch ‘Focused Equity Fund’ on July 12

July 3, 2022

How market volatility is an opportunity in waiting for the long run

July 3, 2022

Related Posts

Edelweiss MF to launch ‘Focused Equity Fund’ on July 12

by MtR
July 3, 2022
0

Edelweiss Mutual Fund, a leading fund house, is cautiously optimistic about Indian equity markets in the next 3-4 months and...

How market volatility is an opportunity in waiting for the long run

by MtR
July 3, 2022
0

By Jinesh Gopani There is a popular adage in the world of investments that goes “The market is designed to...

Are contra funds really sticking to contrarian theme?

by MtR
July 3, 2022
0

Equity markets have faced near-term volatility triggered by geopolitical risks, higher oil prices and the start of interest rate hikes...

2 multi cap mutual funds given up to 31% SIP returns in 3 years

by MtR
July 2, 2022
0

The domestic market has experienced significant volatility this year, with a YTD decline of more than 10%. It is best...

What’s new in our Star Track MF Ratings

by MtR
July 2, 2022
0

The BL Portfolio Star Track Mutual Fund Ratings is a proprietary offering from BusinessLine’s in-house Research Bureau and is widely...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Power generation disrupted due to gas shortage: Nasrul Hamid

July 3, 2022

EDITORIAL: The issues investors are pondering

July 3, 2022

Chinese developer Shimao misses repayment on $1bn offshore bond

July 3, 2022

$785 Billion – The 2026 Climate Change Adaptive Agriculture and Water Market, According to a New Report

July 3, 2022

Recent News

Power generation disrupted due to gas shortage: Nasrul Hamid

July 3, 2022

EDITORIAL: The issues investors are pondering

July 3, 2022

Chinese developer Shimao misses repayment on $1bn offshore bond

July 3, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter