Fidelity expands climate fixed income range with Paris-aware global government bond ETF

Fidelity International has launched a new exchange-traded fund (ETF) that tracks the Solactive Paris Aware Global Government USD index. The Fidelity Global Government Bond Climate Aware UCITS ETF (FGGB) is designed to offer a highly diversified global government bond exposure aligned to climate objectives. The index aims to reduce carbon intensity by 14% compared to the investible universe and achieve a year-on-year decarbonisation target of 7% per annum. The fund is also labelled Article 8 under the Sustainable Finance Disclosure Regulation (SFDR) and invests a minimum of 50% in countries with favourable ESG characteristics.