Fidelity International launches sustainable funds for water and waste

By 2050, more than 70% of the world's population is expected to live in cities. In developing countries, rapid urbanization is continuing, while developed countries are struggling more and more with obsolete infrastructure. Cities that do not develop their water and waste management are in danger of collapsing.

The fund seeks strong risk-adjusted returns over a market cycle. To this end, it invests globally in companies that develop, manufacture or sell products and services related to the water and waste sector. The fund can invest throughout the value chain of water and waste management, even in companies that develop new technologies to meet the growing demand.

Fund manager Bertrand Lecourt will use Fidelity's extensive research and investment resources to identify the most attractive investment opportunities in these under-badyzed sectors. Before joining Fidelity International, he worked for Polar Capital. He brings more than 18 years of experience in the badysis of water and waste disposal companies.

Bertrand Lecourt, Fund Manager at Fidelity Internationalcomments: "The themes of water and waste are as old as our civilization, but companies active in these sectors attract little investor attention.

The ever-increasing demand for drinking water and sanitation offers interesting investment opportunities. In addition, it is becoming increasingly important to control the waste of the growing and increasingly urban and affluent population. There is no economy without water and no sustainable economy without waste management.

The fund offers a unique combination of investments in the water and waste sectors and, at the same time, global diversification offers strong benefits in terms of diversification. Its significant growth potential, which significantly improves the ESG profile of a portfolio of investors, is an additional badet. "

Romain Boscher, Director of Global Investments at Fidelity International "Our new Water and Waste Fund is a good example of how to incorporate responsible and sustainable investment themes into a portfolio without compromising diversification or long-term growth potential.

We continually review our range of funds to continue to meet the changing needs of our clients. Next year, we will explore the possibilities of new differentiated products in this area. "

The Fund, established as a SICAV in Luxembourg, is located in Luxembourg, France, Germany, Italy, the Netherlands, Spain, the United Kingdom, Austria, Belgium, Croatia, the Czech Republic , Denmark, Finland, Jersey, Guernsey, Hungary, Ireland, Liechtenstein Malta, Norway, Poland, Romania, Slovakia and Sweden.