Revolving Funding Pool Will Support Programs
Run by UNICEF's Generation Unlimited
SAN
FRANCISCO, Sept. 28, 2022 /PRNewswire/ -- 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 (NYSE: SDGS) 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.
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. For more information, visit
newdayimpactetfs.com.
About Newday Impact
Newday Impact is a financial services company that provides
authentic portfolios for responsibility-minded investors. Backed by
insightful research and recognized community leaders, Newday Impact
offers portfolios addressing the major ESG issues in the
world. The company also supports its partners by donating 5%
of 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
*In 2015, the UN announced the Sustainable Development Goals as
a call to action for countries, governments, funders, and investors
to unite to accomplish 17 global goals. These goals recognize that
ending poverty and other deprivations must go hand-in-hand with
strategies that improve health and education, reduce inequality,
and spur economic growth – all while tackling climate change and
working to preserve our oceans and forests. The UN has provided a
framework of specific indicators to measure progress and a time
frame to achieve them by 2030, both of which reinforce the urgency
and crucial nature of this work.
Investors should consider the investment objectives,
risks, charges and expenses carefully before investing. For a
prospectus or summary prospectus with this and other information
about the Fund, please call (415) 935-0550 or visit our website at
www.newdayimpactetfs.com. Read the prospectus or summary prospectus
carefully before investing.
Equity Market Risk. The equity securities held in
the Fund's portfolio may experience sudden, unpredictable drops in
value or long periods of decline in value. This may occur because
of factors that affect securities markets generally or factors
affecting specific issuers, industries, or sectors in which the
Fund invests. Foreign Securities Risk. Investments in
securities or other instruments of non-U.S. issuers involve certain
risks not involved in domestic investments and may experience more
rapid and extreme changes in value than investments in securities
of U.S. companies. Financial markets in foreign countries often are
not as developed, efficient, or liquid as financial markets in
the United States, and therefore,
the prices of non-U.S. securities and instruments can be more
volatile. Currency Risk. The Fund's exposure to
foreign currencies subjects the Fund to the risk that those
currencies will decline in value relative to the U.S. Dollar.
New Fund Risk. The Fund is a recently organized management
investment company with no operating history. As a result,
prospective investors do not have a track record or history on
which to base their investment decisions.
Risk of Investing Using Sustainable Development Metrics and
ESG Principles. The Fund's investment strategy limits the
types and number of investment opportunities available to the Fund,
and, as a result, the Fund may underperform other funds that do not
primarily seek to invest in companies based on sustainable
development metrics or that are screened based on ESG principals.
In addition, sustainable development and ESG investing may affect
the Fund's exposure to some companies or industries, and the Fund
will forgo some investment opportunities because they are screened
out based on the Fund's investment strategy. Further, some ESG
factors are inherently subjective and subject to disagreement among
investors. The market's view of what constitutes a sustainable
development company may change over time.
The Funds are distributed by Foreside Fund Services, LLC.
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SOURCE Newday