Fidelity Investments is launching five new actively managed funds focused on environmental, social and governance (ESG) factors — three mutual funds (two equity, one bond) and two active semi-transparent equity ETFs on Thursday.
The ETFs are Fidelity's first ESG ETFs. As of June 17, Fidelity will have a total of 11 funds — both mutual funds and ETFs — focused on sustainable investing and 41 ETFs.
"Investors are increasingly interested in aligning their values and priorities with their investment decisions. Fidelity's new ESG mutual 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, in a statement. She added that the firm will continue to expand its sustainable investing solutions and resources to help clients align their financial goals with "positive outcomes in the broader world."