Fidelity Water Sustainability Fund (FLOWX)
Fidelity Water Sustainability Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $18.26, up 0.27% on the session, giving a market capitalisation of $160.5M. On trailing twelve-month figures it carries a trailing P/E of 45.65, a net margin of 3.6%. Its beta of 0.87 implies it has historically moved less than the broad market.
The Fidelity Water Sustainability Fund consistently allocates a minimum of 80% of its total holdings to companies actively contributing to water sustainability. Its investment strategy primarily focuses on equity-based instruments, such as common stocks. The types of businesses considered for investment are diverse, including but not limited to those involved in managing water resources, purification processes, utility and distribution networks, desalinization or advanced water cleansing facilities, cutting-edge water technologies and data analytics, environmental water services, and essential water infrastructure components (like pumps, valves, meters, and piping). This also extends to firms specializing in irrigation, water conservation initiatives, and various water supply or processing operations. It is important to note that this fund operates as a non-diversified investment vehicle.
Fidelity Water Sustainability Fund is most often compared with the following Financial Services names: