Fidelity Sustainable Water and Waste Fund

Fidelity International has launched the Fidelity Sustainable Water and Waste global equity fund to Australian investors.

The fund actively seeks to select and invest in companies involved in the "design, manufacture or sale of products and services used for, or in connection with, water and waste management sectors".

Companies also need to show sustainable characteristics or improving sustainability practices.

"Investment opportunities in these sectors are driven by ever increasing demand for clean water and sanitation needs, as well as a better ability to manage the waste created by populations growing larger, wealthier and increasingly urbanised," the fund's lead portfolio manager Bertrand Lecourt said.

"There is no economy without water and there is no sustainable economy without waste management."