Newday has pledged to donate 5% of the net revenue of Ocean Health ETF to EarthEcho International, an environmental nonprofit organization established by Philippe and Alexandra Cousteau in honor of their father, Philippe Cousteau Sr., and their grandfather, legendary explorer Jacques-Yves Cousteau.

San Francisco-based asset manager and fintech, Newday Impact, launched on Tuesday the Newday Ocean Health ETF (NYSE: AHOY) which is dedicated to protecting and restoring healthy marine ecosystems. The fund will invest in companies that are diverting ocean-bound plastic waste, supporting sustainable fisheries, controlling ocean acidification caused by CO2 emissions, and actively using other strategies to combat ocean pollution and other threats to marine health. (CISION PRNewswire)

Newday Ocean Health ETF (NYSE: AHOY)

AHOY uses exclusionary screening, ESG research and fundamental analysis to identify securities and construct the portfolio with its highest conviction ideas. It now has over 80% of companies that are active in protecting and restoring healthy marine ecosystems and climate change.

The fund has an expense ratio of 0.75%.

Doug Heske, CEO of Newday Impact said: “Our Ocean Health ETF portfolio is 100% focused on companies with effective, legitimate green agendas, based on the knowledge and relationships we’ve built in our five years of impact investing. We believe that affecting positive change can also drive positive financial returns, and this fund is an opportunity for socially conscious investors to make a difference in both areas.”

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