Fidelity Investments announced the launch of a new Environmental, Social and Governance (ESG) fund – Fidelity Healthy Future Fund (FAPHX), an actively-managed equity strategy that invests in companies around the world whose products, services, and/or technology are believed to either extend and/or improve life expectancy, enhance health and wellness in people’s lives, or mitigate negative environmental impacts affecting health and wellness.

The new mutual fund expands Fidelity’s lineup of thematic sustainable funds, which includes equity, fixed income, high income, and asset allocation strategies, that help customers connect their financial goals to positive themes in the broader world. The Fidelity Healthy Future Fund invests in themes such as healthcare, nutrition, mental health, reduction in air pollution, and housing. It has no investment minimums and is available for individual investors and financial advisors to purchase commission-free through Fidelity’s online brokerage platforms. The fund offers both retail and advisor share classes.

“The pandemic has put the importance of overall health and wellness at the forefront of consumer consciousness, and we believe there are many factors that will continue to drive this global trend,” said Pam Holding, Co-Head of Equity and Head of Sustainable Investing at Fidelity Investments. “With this new fund, Fidelity offers investors the opportunity to gain exposure to the long-term movement of health and wellness through an actively-managed sustainable strategy.”

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In addition to fundamental, bottom-up financial analysis, the fund will use Fidelity’s proprietary forward-looking and historical ESG ratings framework alongside third-party ESG ratings to create a more complete picture of a company’s or issuer’s sustainable business practices.

“We pair our proprietary ESG ratings with the depth and breadth of our fundamental research capabilities to uncover unique company insights,” said Holding. “We believe the two facets of Fidelity’s proprietary ESG ratings framework, covering both current and future potential, is unique in the evolving world of ESG data and analysis.”

Source: Fidelity Investments