Fidelity Sustainable Global Corporate Bond Multifactor

ETF description

This ETF invests in a selection of corporate bonds from companies around the world, focusing on those that align with sustainability goals and the Paris Agreement’s climate targets. It aims to reduce carbon emissions in its investment portfolio by selecting bonds from companies that demonstrate strong environmental, social, and governance (ESG) practices. The bonds included in the ETF are screened based on various factors, including their contribution to reducing carbon emissions and their overall ESG performance.

This ETF may appeal to investors who are looking for fixed‑income investments that not only provide potential returns but also align with their values on sustainability and climate change.

Issuer details

Fidelity Investments is a leading global asset management firm with over $4.5 trillion in assets under management as of June 2024. Fidelity offers many investment products, including mutual funds, ETFs, retirement services, and wealth management, covering various market segments such as equities, fixed income, sector‑based funds, target‑date funds, and ESG (Environmental, Social, Governance). Founded in 1946 by Edward C. Johnson II, Fidelity is known for its research‑driven approach. Notable ETFs include the Fidelity ZERO Total Market Index Fund and the Fidelity MSCI Information Technology Index ETF, reflecting Fidelity’s commitment to providing low‑cost and diversified investment options to meet the needs of individual and institutional investors alike.

Index details

The Solactive Paris Aligned Global Corporate index offers specialized exposure to global investment grade corporate bonds with a focus on sustainability and multifactor investment strategies. By integrating ESG criteria and employing multifactor enhancements, the index provides a blend of income generation, responsible investing, and performance optimization. Its emphasis on high quality bonds and multifactor strategies makes it a valuable tool for investors seeking to align their portfolios with sustainable goals while capturing potential performance benefits.