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Fidelity launches first ESG ETF on NEO


Fidelity Investments Canada ULC (Fidelity) has launched the Fidelity Sustainable World ETF (FCSW) on NEO. 

The new fund, which leverages a quantitative multi-factor model and seeks to identify and invest in global companies that are believed to have favourable environmental, social and governance (ESG), is the first NEO-listed ETF from Fidelity and Fidelity’s first ETF to exclusively employ ESG strategies.

“As sustainable investing continues to gain momentum, we are excited to offer our clients the opportunity to align their investments with their values. The Fidelity Sustainable World ETF is a global multi-factor equity strategy that uses a best-in-class approach to invest in companies with favourable ESG characteristics,” says Andrew Clee, Vice President, ETFs at Fidelity Investments Canada ULC. “We are excited to begin our partnership with NEO as we launch our first ESG ETF. NEO supports and delivers innovation within Canada’s capital markets while offering outstanding client service – we look forward to growing our relationship with them in the years to come.”

Fidelity is the fourteenth and newest fund provider to list products on NEO.

“We are proud to welcome Fidelity to the NEO family and embrace a forward-thinking listing partner that values the importance of ESG investing,” says Erik Sloane, Head of Sales, NEO. “As the first Canadian exchange to partner with the Sustainable Stock Exchanges Initiative, we understand NEO plays an important role in fostering greater awareness of ESG factors across the whole investment spectrum, and how relevant they are in the global capital markets. Welcoming yet another industry leader to our exchange is a testament to the benefits of and continued need for competition in Canadian capital markets.”

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