Fidelity has launched a sustainable biodiversity fund, which will invest in companies that contribute to the improvement of global biodiversity preservation.
The fund will be part of Fidelity’s sustainable ‘family of funds’ which all have 70 per cent or more of their net assets invested in issuers that “maintain sustainable characteristics”.
It will invest in 40 to 60 global equities, across all sectors, and will measure itself against the MSCI ACWI index.
The fund will invest in the value chain of companies focussed on providing solutions to reduce biodiversity loss, as well as to those who are ‘best in class’ at biodiversity, either through their own operations or by the development of new solutions.
Velislava Dimitrova, who runs the fund, said: “The world is now waking up to the urgent threat to biodiversity and natural capital".
Biodiversity investment solutions are emerging as the largest investment megatrend in our generation and provides opportunities for investors, she added.
“The theme is at an inflection point, and belatedly transforming from a neglected risk into a top priority.”
Fidelity added: “Maintaining the Earth’s biodiversity, the balance and variety of plant and animal species, is existentially important to human survival".
sally.hickey@ft.com
