Newday adds sustainable development ETF
The company donates 5% of its net revenue to environment and social causes
The company donates 5% of its net revenue to environment and social causes
The Carbon Strategy ETF is listed on NYSE Arca
The firm’s other active sustainable ETF, Climate Change Solutions, launched in 2021
Emerge will also debut EMPWR, a program to encourage more women to be investment managers
Rafferty Asset Management will advise the products
Morgan Stanley Investment Management will serve as adviser to the funds
The active fund will be managed by Ninety One
The small- and mid-cap product will not disclose holdings daily
Portfolio companies ‘support energy efficiency and emissions mitigation’
The company is the third-biggest player in the college savings market
The ETF is subadvised by Quantix Commodities
Seeks to decarbonize by engaging with high emitters