Newday Impact Launches Sustainable Development Goals ETF
- Fund will invest in companies aligned with ESG principles and UN’s Sustainable Development Goals
- Revolving funding pool will support programs run by UNICEF’s Generation Unlimited
- “The future of the world depends on sustainable development.”
Newday Impact, a San Francisco-based asset management and financial technology company that applies proprietary fundamental research to ESG investing, today launched a Sustainable Development Goals ETF that will dedicate 10% of revenues to global youth education and skills development programs.
The new exchange traded fund builds on Newday’s five years of impact investing and strong relationships with grassroots, nonprofit organizations. It also continues Newday’s commitment to contribute a portion of revenues to its nonprofit partners.
The Newday Sustainable Development Equity ETF seeks long-term capital appreciation through investments in companies aligned with Environment, Social, and Governance (ESG) principles as well as United Nations Sustainable Development Goals, with a focus on impact issues that most directly affect environmental health. At least 80% of portfolio constituents are making material, measurable, positive impacts upon one or more sustainable development themes.
See related article: Newday Impact Launches Ocean Health ETF, Pledges 5% Donation to Non-Profit Working in Ocean Health
Image source: Newday Impact
Every company in the portfolio has a connection to sustainable development based on proven ESG ratings and scoring systems and has been evaluated with a rigorous analysis of fundamentals. The fund has no holdings in companies involved in fossil fuels, armaments, gambling, tobacco, alcohol or child labor.
“The future of the world depends on sustainable development, and that in turn depends on ensuring that the adults of tomorrow will be willing and able to tackle challenges like producing enough food, ensuring clean water and combating climate change,” said Doug Heske, CEO of Newday Impact. “Our new SDG exchange traded fund is the first investment vehicle that makes it possible to support both needs.”
The Newday Sustainable Development Goals ETF was developed in partnership with Tidal ETF Services.
Source: Newday
