FIDELITY METAVERSE UCITS ETF ACC-USD
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24 Nov 2023
The Fidelity Metaverse ESG Tilted Index is designed to reflect the performance of a global universe of companies that develop, manufacture, distribute, sell products or services related to establishing and enabling the ‘‘Metaverse’’, which is a term used to describe a future state of the internet characterized by a network of both augmented reality and virtual worlds that can be experienced persistently and in a shared environment by large numbers of users. The Index also applies environmental, social and governance (‘‘ESG’’) screens and integrates ESG rating in the index construction as part of its methodology so that a minimum of 50% of its constituents are deemed to maintain sustainable characteristics. The Index also applies an ESG controversies screen to exclude certain issuers based on data rating controversies depending on their impact on the environment and society as well as the risks to the issuer’s business. The fund promotes environmental and social characteristics pursuant to Article 8 of the SFDR.
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