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Fidelity International launches global government bond climate aware UCITs ETF


Fidelity International has announced the launch of the Fidelity Global Government Bond Climate Aware UCITS ETF, expanding its climate-focused ETF investment solutions.

The Fund is the third in a series of climate focused ETF launches and enhancements at Fidelity, joining the Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF and the Fidelity Sustainable Global High Yield Bond Paris-Aligned Multifactor UCITS ETF.

The Fidelity Global Government Bond Climate Aware UCITS ETF is a passively managed ETF which tracks the Solactive Paris Aware Global Government USD Index (the ‘Index’). The Index is designed to reflect the performance of global local currency government bonds, issued by investment grade countries, while at the same time aiming to exhibit a level of carbon emission intensity 14 per cent lower than the investible universe at launch and subsequently to aim for a further year-on-year decarbonisation target, currently at an average rate of 7 per cent per annum. This in turn aims to deliver a significant reduction in carbon footprint of the portfolio compared with similar products tracking non-Paris-aware indices.

The Fund is categorised article 8 of the Sustainable Finance Disclosure Regulation (SFDR) and  a minimum of 50 per cent of the Fund’s assets will be invested in securities of issuers with favourable ESG characteristics. The Fund commenced trading on Monday 20 March on the London Stock Exchange, Deutsche Börse Xetra, SIX Swiss Exchange and Borsa Italiana. 

Nick King, Head of ETFs at Fidelity International, says: “Sustainable investing is a key priority for many of our clients and often they are focused on managing climate change through their investment allocations. This new ETF provides investors with a highly diversified global government bond exposure aligned to climate objectives. This expands our existing range of climate focused fixed income ETFs, providing innovative, cost-effective building blocks for asset allocation.”

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