AHOY Profile
Newday Ocean Health ETF is an exchange-traded fund (ETF) that focuses on investing in companies dedicated to promoting and preserving the health of the world's oceans. The fund aims to align investment returns with environmental stewardship by targeting firms that prioritize reducing ocean pollution, managing end-of-lifecycle product waste, committing to environmental protection, and lowering CO2 emissions. By investing in companies that actively contribute to ocean sustainability, the ETF provides investors with an opportunity to support environmental initiatives while seeking to achieve long-term financial growth.
Under normal market conditions, Newday Ocean Health ETF invests at least 80% of its net assets, including any borrowings for investment purposes, in what it classifies as "Ocean Health Companies." These companies are selected based on their commitment to mitigating the impact of industrial and commercial activities on marine ecosystems. This includes addressing issues such as the discharge of excess nutrients into bodies of water, the proper disposal of waste products, and the reduction of greenhouse gas emissions. The fund's targeted investment strategy is designed to capture growth opportunities within the burgeoning field of sustainable environmental practices.
The ETFs focus on Ocean Health Companies involves a non-diversified approach, which allows for concentrated exposure to industries and firms that are at the forefront of environmental innovation and sustainability. While this strategy may result in higher volatility compared to more diversified funds, it offers the potential for significant returns as global attention on ocean health and environmental responsibility continues to grow. By concentrating on a specific niche within the broader environmental sector, the fund aims to capitalize on the increasing regulatory and consumer pressures for companies to adopt more sustainable practices.
Managed by Newday Impact, a firm known for its commitment to impact investing, Newday Ocean Health ETF benefits from the firms expertise in identifying companies that not only demonstrate strong financial performance but also contribute positively to societal and environmental outcomes. The management team employs a rigorous selection process, integrating environmental, social, and governance (ESG) criteria into their investment decisions. This ETF offers investors a unique opportunity to align their investment goals with their values, providing a way to support the health of the planet's oceans while participating in the growth of companies leading the charge in environmental sustainability.
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