Fidelity International has launched a new bond fund that will be the world’s first to solely focus on the blue transition, the asset manager announced today.
The Fidelity Funds 2 – Blue Transition Bond Fund targets improvements in ocean and freshwater health, aligning with the broader goal of advancing sustainable investing and addressing the funding gaps within the United Nations’ Sustainable Development Goals (SDGs) related to water ecosystems.
The fund will invest in global bonds, or bonds from issuers that meet certain criteria, such as contributing to ocean and freshwater projects, supporting water-related SDGs, and managing the climate risks threatening water systems.
