FIDELITY FUNDS SUSTAINABLE WATER & WASTE FUND HITS $1 BILLION IN A YEAR

02 December 2019

Assets in the Fidelity Funds Sustainable Water & Waste Fund have reached $1 billion in just over a year since launch, making it one of the most popular actively-managed sustainable funds with European investors1. Launched in November 2018, the FF Sustainable Water & Waste Fund is a sustainable thematic fund focusing on the water and waste management sectors.The fund aims to provide investors with long-term capital growth by investing globally in companies involved in the design, manufacture, or sale of products and services in connection with the water and waste management sectors. It has the ability to invest across the water and waste value

Bertrand Lecourt, portfolio manager, Fidelity International comments:

“The story of water and waste is as old as the story of civilisation. Just as there can be no economy without water, a sustainable economy relies on its approach to waste management. Yet despite this, companies in the sector remain relatively unexplored by investors and there’re very few funds dedicated to this unique theme.

“ESG and sustainable investing is growing at a rapid pace and in a competitive market it’s pleasing to see our product gain traction with clients across Europe so quickly.”

Jen-Hui Tan, Global Head of Stewardship and Sustainable Investing, said:

“Today, our clients expect us, as stewards of their capital, to steer companies towards the right business decisions. Environmental concerns have also grown, with investors being increasingly aware that their investments can have a direct impact on, for example, climate change and water scarcity.

“We have responded to our clients’ demands by substantially increasing our focus on sustainable investment, including our recent introduction of our proprietary ratings system, and the launch of our Sustainable Family fund range. The growing shift towards sustainable investing is underlined by the $1 billion milestone achieved by Bertrand in the water and waste fund.”

Note to editors:

1Source: Broadridge Fund File as at 30/09/2019. Top 20 actively managed equity and bonds funds sold cross-border by 1 year estimated net sales that are flagged as “Responsible Investment - Screened”.

About Fidelity International

Fidelity International offers world class investment solutions and retirement expertise. As a privately owned, independent company, investment is our only business. We are driven by the needs of our clients, not by shareholders. Our vision is to deliver innovative client solutions for a better future. We invest £252.5bn globally on behalf of clients in 26 countries across Asia-Pacific, Europe, the Middle East, and South America. Our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals. In addition to asset management, we offer investment administration and guidance for employer benefit schemes, advisers and individuals in several countries. We are responsible for £88.3bn in assets under administration. Data as at 30 September 2019.Fidelity only offers information on products and services and does not provide investment advice based on individual circumstances, other than when specifically stipulated by an appropriately authorised firm, in a formal communication with the client. Fidelity International refers to the group of companies which form the global investment management organisation that provides information on products and services in designated jurisdictions outside of North America. This communication is not directed at, and must not be acted upon by persons inside the United States and is otherwise only directed at persons residing in jurisdictions where the relevant funds are authorised for distribution or where no such authorisation is required.Unless otherwise stated all products and services are provided by Fidelity International, and all views expressed are those of Fidelity International. Fidelity, Fidelity International, the Fidelity International logo and F symbol are registered trademarks of FIL Limited. The Key Investor Information Document (KIID) is available in English and can be obtained from our website at www.fidelityinternational.com. The Prospectus may also be obtained from Fidelity.Fidelity Funds “FF” is an open-ended investment company (UCITS) established in Luxembourg with different classes of shares. "
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