Fidelity International Launches Global Blue Transition Bond Fund, Targets Ocean and Freshwater Sustainability
Key Impact Points:
- Fidelity’s new fund targets ocean and freshwater sustainability through bond investments.
- The fund is the first of its kind, focused on the global blue transition in fixed income markets.
- Managed by experts, it aims for long-term capital growth while addressing climate and water-related risks.
Fidelity International introduces the Blue Transition Bond Fund, the first global blue transition fixed income fund, designed to improve ocean and freshwater health. The fund invests in global bonds aligned with UN Sustainable Development Goals (SDGs) focused on water sustainability.
What It Targets: The fund aims to:
- Support projects aligned with SDGs related to oceans and freshwater.
- Finance initiatives that enhance water-related sustainability through blue bonds.
- Tackle climate change’s impact on marine and freshwater ecosystems.
Related Article: Ørsted To Issue €100 Million Blue Bond To Support Biodiversity
Manager’s Insight: “The bond market is uniquely positioned to help support the blue transition,” says Kris Atkinson, Portfolio Manager. He emphasizes that while blue bonds are crucial, a broader approach is necessary to align companies with sustainable water usage.
With 80% of investments aimed at meeting environmental goals, the fund is backed by Fidelity’s seasoned managers, leveraging over 42 years of experience and the company’s robust global resources. The portfolio spans corporate and sovereign issuers worldwide, ensuring high-quality investments that mitigate water risks and promote ocean health.
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