Alternative Investments/ESG: The Newday Sustainable Development Equity ETF
The new ETF is from the house of Newday Impact, an impact manager that provides authentic portfolios for socially responsible investors.
Newday offers portfolios addressing the world’s most pressing environmental and social issues including climate action, ocean health, clean water, diversity, equity and inclusion, wildlife conservation and animal welfare, and stakeholder capitalism. It manages its portfolios in alignment with the 17 United Nations Sustainable Development Goals (pictured above) to affect positive change. Earlier this month, it launched the Newday Sustainable Development Equity ETF (SDGS) (Kiplinger)
As a leading impact investing manager, Newday will donate 5% of its net revenue to environmental and social causes.
“Impact investing is defined as investing with the INTENTION to generate a positive environmental or social change. ESG managers just screen companies but do not necessarily affect change. Newday does both.” – Fund page.
Newday Sustainable Development Equity ETF (SDGS)
The Fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective by investing primarily in the equity securities of “Sustainable Development Companies,” which are defined as companies that adhere to one or more of the seventeen United Nations Sustainable Development Goals.
Under normal market conditions, the Fund will invest at least 80% of its net assets in the equity securities of Sustainable Development Companies.
The fund believes that companies with significant involvement in the listed business categories are generally not strong candidates for inclusion from an ESG perspective – armaments, cluster bombs, anti-personnel landmines, firearms, gambling, tobacco, alcohol, child labor controversies and fossil fuels. These would be excluded from the investing purview.
The fund charges management fees of 0.75% per annum.
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