Fidelity Investments has launched a health-focused ESG fund, the company announced Tuesday.
Fidelity’s new, actively managed Healthy Future Fund (FAPHX) is its 23rd ESG investment option in its line of mutual funds and ETFs. The fund, which comes in retail and adviser share classes, invests thematically in health care, nutrition, mental health, housing and ways to reduce air pollution, the company stated.
It aims to invest at least 80% of its assets in equity securities of companies “around the world whose products, services and/or technology are believed to either extend and/or improve life expectancy, enhance health and wellness in people’s lives or mitigate negative environmental impacts affecting health and wellness.”
Those holdings include businesses with at least half of their revenues coming from disease treatment, access to health care, nutrition, fitness, wearables or clean emissions, the company stated. It also includes those that are in the MSCI World Health & Wellness Select Net MA Index.
“The pandemic has put the importance of overall health and wellness at the forefront of consumer consciousness, and we believe there are many factors that will continue to drive this global trend,” Pam Holding, head of sustainable investing, said in the company’s announcement. “With this new fund, Fidelity offers investors the opportunity to gain exposure to the long-term movement of health and wellness through an actively managed sustainable strategy.”
The fund uses Fidelity’s in-house ESG ratings as well as those from third-party providers.
Chasing productivity is one thing, but when you're cutting corners, missing details, and making mistakes, it's time to take a step back.
It is not clear how many employees will be affected, but none of the private partnership’s 20,000 financial advisors will see their jobs at risk.
The historic summer sitting saw a roughly two-thirds pass rate, with most CFP hopefuls falling in the under-40 age group.
"The greed and deception of this Ponzi scheme has resulted in the same way they have throughout history," said Daniel Brubaker, U.S. Postal Inspection Service inspector in charge.
Elsewhere, an advisor formerly with a Commonwealth affiliate firm is launching her own independent practice with an Osaic OSJ.
Stan Gregor, Chairman & CEO of Summit Financial Holdings, explores how RIAs can meet growing demand for family office-style services among mass affluent clients through tax-first planning, technology, and collaboration—positioning firms for long-term success
Chris Vizzi, Co-Founder & Partner of South Coast Investment Advisors, LLC, shares how 2025 estate tax changes—$13.99M per person—offer more than tax savings. Learn how to pass on purpose, values, and vision to unite generations and give wealth lasting meaning
