Fidelity Climate Action Fund (FCAEX)
Fidelity Climate Action Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $17.11, up 0.59% on the session, giving a market capitalisation of $61.5M. Its beta of 1.16 implies it has historically moved more than the broad market.
The fund prioritizes companies that Fidelity Management & Research Company LLC (FMR) recognizes as actively engaged in confronting climate change or mitigating its consequences. This engagement might manifest indirectly through their overall corporate strategy or directly via the innovative technologies, specialized services, or sustainable products they provide. Typically, at least 80% of the fund's total assets are committed to the equity securities of these climate-aware businesses. Its portfolio includes investments from both U.S. and international issuers, and its strategy can involve allocating capital to 'growth' stocks, 'value' stocks, or a blend of both investment styles.
Fidelity Climate Action Fund is most often compared with the following Financial Services names: