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Fidelity International has enhanced its equity fund range with the launch of Fidelity Funds - FIRST ESG All Country World Fund. Utilising Fidelity’s extensive in-house research, the fund aims to achieve long-term capital growth by focusing on companies that maintain strong environmental, social and corporate governance (ESG) credentials. In particular, it aims to deliver a portfolio with an attractive ESG profile, which typically includes a higher average ESG score and a lower weighted average carbon intensity compared to that of the broader market.
The fund, which launches with an AUM of just over $80m, is constructed using Fidelity International’s fundamental bottom-up research process which is skewed towards companies with the highest ESG rating. In addition, its...
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