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Fidelity Investments Canada ULC has introduced a suite of three climate-focused investment funds.

The Fidelity Climate Leadership Fund, the Fidelity Climate Leadership Bond Fund and the Fidelity Climate Leadership Balanced Fund are designed to support efforts tied to decarbonization and  mitigating climate risk.

The climate leadership fund invests in equity securities of companies that are “climate leaders, climate solutions providers or climate reformers.” The fund is managed by Fidelity portfolio manager Hugo Lavallée and has a medium risk rating.

The bond fund, a low-risk offering, invests primarily in investment-grade corporate bonds. Managed by Kris Atkinson and Sajiv Vaid, the fund aims to reduce the risks and benefit from opportunities created by the global transition to a low-carbon economy.

The balanced fund is a blend of the other two funds: 60% of the leadership fund and 40% of the bond fund. It has a low- to medium-risk rating.

Together, the funds will encourage investors to play a role in helping companies reduce their carbon emissions and manage climate-related risks, leading to “long-term value creation,” a release said.

“Financial advisors and investors are increasingly asking for actively managed investment vehicles that aim to capitalize on [climate-related issues],” said Kelly Creelman, senior vice-president, products, at Fidelity.