NEW YORK,
Feb. 2,
2024 /PRNewswire/ -- Newday Impact, a San Francisco-based asset management and
financial technology company that brings authentic, responsible
investing to those seeking investments that reflect their values,
today announced the launch of its new ocean health exchange traded
fund AHOY 2.0 (NYSE: AHOY).
AHOY 2.0 leverages Newday Impact's deep history
in impact investing and strong relationships with grassroots
nonprofit organizations on the forefront of ocean conservation and
change. It aims to harness the power of capital to enhance and
support the development of nature-positive solutions promoting
healthier oceans and benefiting from the rise of the "blue
economy."
The fund is actively managed and invests in
industry-leading companies that contribute positively to Ocean
Health, as well as taking positions in "ocean improvers" —
companies that can improve their impact on the oceans.
AHOY continues Newday Impact's commitment to
ocean health and provides responsible investors an opportunity to
drive impact for the world's seas.
The fund builds on the success of the inaugural
AHOY ETF. AHOY 2.0 will encompass a more intimate portfolio of 25
holdings, tightly focused on ocean health, and will have greater
international exposure, reflecting the global nature of ocean
health.
AHOY 2.0 will also feature advocacy candidates,
or companies that have practices that are harmful to ocean health,
which Newday will advocate for change. This will be specifically
centered on aspects of the Krill trade for its effect on oceans.
Additionally, AHOY 2.0 is aligned with United Nations Sustainable
Development Goals (SDG). As with its inaugural AHOY ETF, Newday
Impact will contribute a portion of its management fee to its
nonprofit partners.
"We have an immense depth of experience and
relationships in ocean health-focused impact investing," said
Doug Heske, CEO of Newday Impact.
"AHOY 2.0 builds on this expertise."
Newday Impact utilizes the Ecological Benefits
Framework (EBF) in its AHOY 2.0 investment process, as well as
Newday Impact's ESG screening methodology and proprietary
fundamental research models. For more information
visit https://www.newdayimpactetfs.com.
About Newday Impact
Newday Impact is a financial services
company that provides authentic portfolios for socially responsible
investors. Backed by insightful research and recognized community
leaders, Newday Impact offers portfolios addressing major social
and environmental issues. The company also supports its partners by
donating up to 15% of net revenue to nonprofits focused on this
transformational change. Newday Impact works with family offices,
institutions, investment advisors, financial services platforms,
and individual investors, who want both a return on investment and
community impact. For more information about Newday Impact's work
and investment opportunities, email info@newdayinvesting.com or
visit https://newdayimpact.com
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SOURCE Newday