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Newday Investing Brings Impact Investing to the MainstreamSAN FRANCISCO, June 19, 2018 /PRNewswire/ -- Newday Investing, a financial technology and institutional asset management company bringing socially responsible investing to the mainstream, today announced the public opening of its platform and its availability in the iOS store. With just a $5 minimum, investors can choose among six proprietary, themed funds that are tailored to the causes investors identify with most. Newday is the first and only mobile app offering a true asset allocation approach to impact investing based on modern portfolio theory, with personalized recommendations based on an investor's interests. Each Newday Impact Portfolio is a unique and targeted investment strategy built to benefit a specific area of impact: global impact, climate change, gender equality, animal welfare, ocean health and freshwater. The investment team at Newday is led by Cara Barr, chief strategy officer and former director of investment strategy at BlackRock. "Our mission is to make socially conscious investment solutions and education available to anyone and everyone, and our proprietary investment strategies are the lynchpin of that commitment," CEO Doug Heske explained. "Rather than simply being a distribution channel for off-the-shelf investment products, we wanted to demonstrate that it's possible to offer affordable, accessible, specialized and institutional-grade portfolios that could achieve the same or better rate of return while putting money to work for good." The six proprietary funds available to investors at launch are:
"Creating a healthier, more prosperous planet is an urgent challenge requiring new and creative approaches," said Anastasia Khoo, chief marketing officer of Conservation International. "We're proud to partner with Newday to encourage investors at all levels to direct their investing dollars to companies that reflect their values." Dune Ives, executive director of Lonely Whale, said, "Lonely Whale is excited to see the potential impact that can arise from Newday's Oceans portfolio. It is inspiring to see investors' commitment to clean water, protecting marine life, and creating meaningful positive change for our planet." Newday Co-Founder and President Alex Meek said, "Our ultimate goal is to reallocate capital to better companies on a massive scale. By investing in socially responsible and sustainable companies, we can not only generate competitive returns but also change the way that people make their investment decisions." Newday's board of advisors has deep financial services and sustainability expertise and includes:
Newday was founded in 2016 by Alexander Meek and Anthony Randazzo, who bring strong backgrounds in asset management and technology development, respectively. Doug Heske, CEO, brings more than 22 years of investment management leadership. About Newday Investing For more information visit www.newdayinvesting.com
View original content:http://www.prnewswire.com/news-releases/newday-investing-brings-impact-investing-to-the-mainstream-300668363.html SOURCE Newday Investing |