The latest offerings in investments, such as funds and structured products, and other notable developments.

Fidelity International
Fidelity International has expanded its family of sustainable funds, launching three Luxembourg-domiciled regional focused portfolios, tapping into continued busy activity in this space.

The offerings are Fidelity Funds - Sustainable Asia Equity Fund, Fidelity Funds - Sustainable European Smaller Companies Fund and the Fidelity Funds - Sustainable Japan Equity Fund.

The firm said that two new thematic Luxembourg-domiciled funds will also be launched in early 2021: Fidelity Funds – China Innovation Fund and the Fidelity Funds – Global Thematic Opportunities Fund.

The Fidelity sustainable funds group is made up of eight funds, including water and waste and carbon reduction sustainable thematic strategies, as well as two best-in-class equity funds, one best-in-class fixed income fund and three Enhanced Sustainability ETFs.

For the Sustainable Family of Funds, threshold ESG (environmental, social and governance) rating criteria are applied: the fund must have at least 70 per cent of its holdings in MSCI-rated ESG scores of at least BBB or, if there is no MSCI rating, FIL ESG scores of at least C, and the remaining 30 per cent must have improving ESG trajectories. This is the minimum requirement for the Fidelity Sustainable Family of Funds; individual strategies may have stricter rules.