Impact firm Newday adds ocean-focused ETF

The fund will donate 5% of its revenues to a nonprofit

San Francisco-based Newday Impact recently launched its first ETF, a fund that invests in companies it says are seeking to restore marine ecosystems.

The Newday Ocean Health ETF launched on June 7. Its top holdings include holding company Austevoll Seafood ASA, Tetra Tech Inc. and Hitachi Zosen Corporation.

The fund “seeks long-term capital appreciation through investments 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,” the firm said in its announcement.

The ETF’s holdings fit with UN Sustainable Development Goals, the firm stated.

Those include “hunger, clean water and sanitation, decent work and economic growth, responsible consumption and production, climate action and life below water.”

Newday is donating 5% of the ETF’s net revenue to EarthEcho International, which was founded by Philippe and Alexandra Cousteau, who are grandchildren of Jacques-Yves Cousteau.