Fidelity Debuts Pair of Paris-Aligned Sustainable ETFs
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Fidelity International has expanded its sustainable active ETF range with the launch of a Euro and U.S. dollar corporate bond ETFs.
The Fidelity Sustainable EUR High Yield Bond Paris-Aligned Multifactor UCITS ETF (FYEI) and the Fidelity Sustainable USD High Yield Paris-Aligned Multifactor UCITS ETF (FYUI) are listed on Deutsche Boerse and are set to list on London Stock Exchange, SIX and Borsa Italiana, both with total expense ratios (TERs) of 0.30%.
FYEI is benchmarked against the Solactive Euro Corporate HY PAB index, which captures the performance of Euro denominated high-yield corporate debt.
The index offers exposure to a portfolio aligned with Institutional Shareholder Services (ISS) ESG climate analysis, designed to meet a 1.5°C scenario target by 2050.
Fidelity Expands Sustainable Active ETF Range
Meanwhile, FYUI is benchmarked against the Solactive USD Corporate HY PAB index, which captures U.S. dollar-denominated high-yield corporate debt with identical ESG screening criteria to the previously mentioned index.
Both ETFs are classified as Article 9 under the Sustainable Finance Disclosure Regulation (SFDR).
Alastair Baillie Strong, head of ETFs at Fidelity International, said, “By leveraging Fidelity’s extensive research capabilities and proprietary investment insights, we can offer our clients access to a range of uniquely positioned active ETFs that deliver enhanced exposures versus pure index trackers, at an attractive price point.
“Since launch in 2021, our Sustainable ETFs have proved popular with clients, growing to over $5.7 billion assets under management across 13 different active strategies today.”
Elsewhere, Fidelity expanded its active multi-factor fixed income range with the launch of two Paris-Aligned Benchmark (PAB) ETFs in October 2023.
In the U.S. meanwhile, Fidelity counts 71 ETFs traded on the markets, with total assets under management of $76.93 billion. The most recent ETF launched in the Fidelity space was the Fidelity Ethereum Fund FETH in July 2024.
This article was originally published on our sister publication, etfstream.com