Fidelity Launches New Sustainability-Focused Low-Cost Index Funds
New England Council member Fidelity Investments recently launched two sustainability-focused low-cost index funds.
The two new funds, a U.S. Sustainability Index Fund and an International Sustainability Index Fund, focus on the stocks of companies that are considered to have responsible corporate governance that pays attention to environmental and social issues. In addition to launching these new funds, Fidelity has also signed on to the Principles of Responsible Investment (PRI), a network of investor supported by the United Nations with the goal of promoting response investment practices worldwide.
“Launching the ESG [Environmental, Social, and Governance] funds reaffirms Fidelity’s commitment to providing our 26 million customers access to a diverse set of investment vehicles to meet their distinct financial goals. We understand that some investors may choose to advance specific causes, based upon their own principles. As a result, we expect the ESG factors used in the new funds to help many investors better align their personal principles with their investment objectives,” said Colby Penzone, Senior Vice President for Fidelity’s Investment Product Group.
The New England Council thanks Fidelity for providing investors with additional choices and investment opportunities that align with their personal principles. Read more in The Boston Globe and Boston Business Journal.
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