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What's New In Investments, Funds? - Fidelity, M&G

Editorial Staff

3 December 2018

Fidelity
has rolled out an equity fund adopting a sustainable investment philosophy, part of a broader trend in the asset management sector.

The M&G Positive Impact Fund is managed by John William Olsen, with Ben Constable-Maxwell, head of sustainable and impact investing at M&G, taking the lead on the fund’s impact assessment, measurement and environmental, social and governance (ESG) characteristics.

The fund will invest in a broad range of companies, including those in emerging markets. It aims to deliver a higher total return than the MSCI All Countries World Index over any five-year period. It is a concentrated portfolio holding up to 40 companies.

The fund is diversified around six main impact areas: climate solutions, clean air, water and land, the circular economy, better health, work conditions and social equality. Across these areas, the fund invests in three types of impactful companies: “pioneers”, “enablers” and “leaders”.

Olsen and Constable-Maxwell are supported by M&G’s Positive Impact Management team who produce research and define the fund’s investable universe by reaching consensus on the impact of all potential investments. The fund embraces the United Nations Sustainable Development Goals (SDG) framework.