Fidelity International has announced the launch of a sustainable China fund.
As part of its Sustainable Family of Funds, Fidelity International has launched the Sustainable China A-Shares fund.
The newest product allows investors to participate in China's onshore growth story, including exposure to the 'New China' and the 'Digital Economy.'
It will use a sustainable-focused strategy as part of the Fidelity Sustainable Family of Funds, employing an investment framework in which a minimum of 70% of its net assets are invested in securities with sustainable characteristics.
These are classified as MSCI AAA-BB or, if not rated by MSCI, Fidelity A-C for sustainability.
Victoria Mio, Ben Li, Yuanlin Lang, and Theresa Zhou will manage the fund, which aims to achieve long-term capital growth by investing in Chinese companies that are listed or traded on stock exchanges.
"The launch of the Fidelity Funds - Sustainable China A-Shares Fund helps us meet our growing client demand for two investment solutions: access to the Chinese A-share market and sustainable investing," said John Clougherty, head of UK wholesale at Fidelity International.
"This unique offering will capitalize on our belief that, over the long run, China's onshore equity market should benefit from strong capital inflows from both domestic and international investors and the potential long-term impact sustainability factors have on the value of companies."
By fLEXI tEAM