The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Fidelity International
Fidelity International has expanded its range of climate-focused investment solutions this week by launching the Fidelity Sustainable Global High Yield Bond Paris-Aligned Multifactor UCITS ETF.

The ETF is benchmarked against the Solactive Paris Aligned Global Corporate High Yield USD Index. It aims to provide long-term growth and income by investing in a diversified portfolio of high yield bonds, while being aligned with the objectives of the Paris agreement of limiting global warming to 1.5 degrees, the firm said in a statement. 

The ETF will target a level of emission intensity which is 50 per cent lower than an equivalent global market universe and aim for an average decarbonisation rate target of 7 per cent per annum. Companies subject to United Nations Global Compact controversies or in sectors such as weapons, thermal coal, oil sands, arctic oil and gas, or tobacco production are automatically excluded, the firm continued.

The ETF benefits from the strengths of Fidelity’s global research platform and the Sustainable Investing team. It employs Fidelity’s proprietary multifactor model, analysing bonds using quantitative multifactor signals to help identify issuers that outperform.

The ETF began trading on the London Stock Exchange on 14 November. Listings and registrations across Europe will follow.

Nick King, head of ETFs at Fidelity International, said: “Reducing climate impact and supporting the Paris Agreement set out in 2015 are of the utmost importance for building a sustainable future, and the launch of this new ETF reaffirms Fidelity’s ambition in sustainable investing. We are convinced this new sustainable ETF will provide clients [with] the opportunity to meet their financial goals and their climate objectives.”

With this newly-launched product, Fidelity’s ETF range now encompasses 18 differentiated solutions from income, sustainable equity, sustainable fixed income and thematic. 

ByteTree Asset Management
ByteTree Asset Management has launched The Multi Asset Investor, authored by ByteTree founder and multi asset expert Charlie Morris. 

The new column, which gives regulated investment advice to professional investors who are subscribed to ByteTree Premium, is being transferred from The Fleet Street Letter issued by Southbank Research, the firm said in a statement.  

The Multi Asset Investor, which will publish its first column this week, is joining ByteTree’s suite of existing weekly research columns for premium subscribers. It will give professional investors insights into the worlds of both traditional and decentralised finance including, for example, global equities, commodities such as gold and silver, currencies, bitcoin and other cryptocurrencies, and more, in addition to a growing data set.  

The Fleet Street Letter is the UK’s oldest investment publication. Founded by the late William Rees-Mogg, it has been in print since 1938. Charlie Morris was the editor of The Fleet Street Letter for seven years, following in the footsteps of Nigel Wray and Patrick Maitland.  

Morris said: “I have spent seven productive and enjoyable years as editor of the Fleet Street Letter, and am so grateful to have had this privilege. As we look to enter a new phase of investing, I made the conscious decision to make the transfer to ByteTree, in order to help our clients make sense of these challenging times, and give them the tools and capabilities they need to steer them towards better investment decisions.” 

ByteTree is a research-driven boutique providing investment solutions and institutional-grade crypto-asset data on bitcoin and other cryptocurrencies, including gold and silver, for the digital asset marketplace.