Fidelity GL EQ RE PAB ETF ACC
| Issuer: Fidelity International |
| Asset Class: Equity |
| TER: 20bps |
| Trading Currency: USD |
| Pays Income: False |
| Listing Date: 20 Oct 2025 |
| Ticker: FRPG |
| ISIN: IE000TYGG0N6 |
This investment vehicle provides exposure to a diversified portfolio of global equities from developed markets, specifically designed for investors who want to align their portfolios with the climate goals of the Paris Agreement. The strategy aims to replicate the performance of an index that meets the stringent requirements of a European Union Paris-Aligned Benchmark (PAB). This involves a significant reduction in greenhouse gas emissions intensity compared to a standard market benchmark and a year-on-year decarbonization trajectory. The construction of the underlying portfolio is based on a "best-in-class" approach, selecting companies that demonstrate strong environmental, social, and governance (ESG) characteristics while systematically underweighting or excluding those with higher carbon footprints and involvement in controversial activities.
The underlying index employs a multi-faceted screening process. It starts by excluding companies involved in controversial weapons, tobacco, thermal coal, and oil & gas, as well as those violating principles like the UN Global Compact. Following these exclusions, the remaining constituents are re-weighted to achieve the PAB objectives. This process not only reduces exposure to climate-related transition and physical risks but also increases allocation towards companies providing climate solutions and demonstrating superior ESG profiles. The result is a portfolio that is significantly less carbon-intensive and more forward-looking in its environmental impact than a traditional global equity index, while still aiming to provide broad market exposure and competitive long-term returns.
This product is tailored for environmentally conscious investors seeking a core holding for their global equity allocation. It serves as a foundational building block for a portfolio that prioritizes long-term sustainability and climate action without sacrificing the potential for capital growth from developed world economies. The accumulating share class structure means that any income generated by the underlying holdings is automatically reinvested back into the fund, which can be beneficial for long-term investors aiming for compounded growth. It is suitable for those who believe that companies leading the transition to a low-carbon economy are well-positioned for future success.
