ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Fidelity Launches New ESG ETF Along With 3 Mutual Funds
News
Share

Fidelity Launches New ESG ETF Along With 3 Mutual Funds

James ComtoisFeb 17, 2022
2022-02-17

Fidelity Investments today announced the launch of a new environmental, social, and governance ETF along with three new ESG-focused mutual funds. The Fidelity Sustainable High Yield ETF (NYSE Arca: FSYD), which begins trading on the NYSE today, normally invests at least 80% of the fund’s assets in debt securities rated below investment-grade (also referred to as high-yield debt securities or junk bonds) of issuers that Fidelity believes have proven or improving sustainability practices based on an evaluation of such issuers’ individual ESG profiles.

FSYD will use a joint quantitative and fundamental investment approach to identify bonds within that universe with strong return potential and low probability of default.

In addition to FSYD, Fidelity also launched the following mutual funds: the Fidelity Sustainable International Equity Fund (FSYRX), the Fidelity Sustainable Emerging Markets Equity Fund (FSYJX), and the Fidelity Sustainable Multi-Asset Fund (FYMRX).

The new sustainable mutual funds and ETF will have no investment minimums and are available for individual investors and financial advisors to purchase commission-free through Fidelity’s online brokerage platforms.

The ETF and each of the three mutual funds will use Fidelity’s proprietary forward-looking and historical ESG ratings frameworks in addition to third-party ESG ratings to evaluate a company’s or issuer’s sustainable business practices.

“Fidelity’s ESG ratings build on our legacy of active management and quantitative capabilities, leveraging our global experience in corporate engagement and fundamental analysis,” said Pam Holding, co-head of equity and head of sustainable investing at Fidelity Investments. “The integration of our proprietary ESG ratings into these four new products will offer our customers building block solutions to help connect their financial goals to positive themes in the broader world.”

Meanwhile, FSYRX normally invests at least 80% of assets in equity securities of companies that Fidelity believes have proven or improving sustainability practices based on an evaluation of such companies’ indi­vidual ESG profiles.

FSYJX normally invests at least 80% of assets in equity securities of companies in emerging markets, including equity investments that are tied economically to emerging markets, that Fidelity believes have proven or improving sustainability practices based on an evaluation of such companies’ individual ESG profiles.

FYMRX normally invests at least 80% of assets in Fidelity funds, including mutual funds and ETFs, that invest in securities of issuers that Fidelity believes have proven or improving sustainability practices based on an evaluation of such issuers’ individual ESG profiles, and in Fidelity index funds that track ESG indexes.

With the addition of these new funds, Fidelity now offers 15 actively managed and index sustainable mutual funds and ETFs.

For more news, information, and strategy, visit ETF Trends.


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Feb 03

Main Management Market Note: February 3, 2023

Feb 03

SPYI, a High-Income ETF Within Equities, Up 10%

Feb 03

Navigating Exchange FOMO for Advisors

Feb 03

In 2022, Main Supply of EU Electricity Was Renewable

Feb 03

VettaFi’s ETF Rising Stars: January 2023

Feb 03

Big Tech Is No Longer Certain; Consider Active

Feb 03

Equal-Weight Cloud Computing ETF WCLD Hits Buy Signal

Feb 03

American Century's KORP, VALQ Hit 5-Year Mark

Feb 03

Bitcoin Opens 2023 Strong, Outperforms Bonds

Feb 03

These 2 ETFs Show Growth Is Back in Style

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

VGT

Vanguard Information...

SMH

VanEck Semiconductor ETF

XLK

Technology Select Sector SPDR...

VTI

Vanguard Total Stock Market...

SOXX

iShares Semiconductor ETF

BLOK

Amplify Transformational Data...

META

Roundhill Ball Metaverse ETF


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X