Fidelity Launches Paris-Aligned Multifactor UCITS ETF

Fidelity International has announced they will be following the Paris-aligned sustainable strategy with the launch of the Fidelity Sustainable Global High Yield Bond Paris-Aligned Multifactor UCITS ETF. The fund will use the Solactive Paris Aligned Global Corporate High Yield USD Index which looks to offer exposure to long-term high yield bonds that follow the Paris agreement of limiting global warming to 1.5 degrees. It will do this by targeting an emission intensity of 50% lower than its equivalent global market and a decarbonization rate of 7%.

ETF Newz Says:

Companies related to weapons, thermal coal, oil, gas, and tobacco will be excluded from the ETF.

Heavily Traded ETFs
SPDR S&P 500 - SPY
Invesco QQQ
Vanguard S&P 500 - VOO
Vanguard Total Market - VTI
Energy Select Sector - XLE

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