‘ Purpose Investments ’

Purpose Investments launches actively managed income ETFs

Oct 28th, 2016 | By
Purpose Investments launches actively-managed income-focused ETFs

Purpose Investments has launched two active ETFs catering to investors seeking income-generating opportunities. The Purpose Conservative Income ETF (Toronto: PRP) and the Purpose Canadian Financial Income ETF (Toronto: BNC) invests in developed North American and Canadian securities respectively while each employs derivatives to either manage downside risk or further boost income. Som Seif, CEO of Purpose Investments: “The [ETFs] provide investors with important and innovative ways to help satisfy the need for regular monthly income while managing risk through option strategies.”



Purpose Investments launches US Cash ETF

Feb 25th, 2016 | By
S&P DJI reports over $1tn in ETP assets linked to its indices

Purpose Investments, a Toronto-based asset manager, has launched the Purpose US Cash ETF (PSU) on the Toronto Stock Exchange. The fund aims to maximise monthly income while preserving capital and liquidity by investing primarily in US dollar-denominated high interest deposit accounts and high-quality money market securities. Securities chosen for inclusion will generally have term maturities of one year or less.



GoldTrust and Purpose propose ETF conversion to fend off Sprott

Nov 19th, 2015 | By
Purpose Investments launches actively-managed income-focused ETFs

GoldTrust, a Canadian-domiciled gold bullion investment trust, has partnered with Purpose Investments, a Toronto-based asset manager, in proposing the conversion of the trust into an exchange-traded fund managed by Purpose. The trust has written a letter to current unitholders, citing the enhanced benefits of the ETF format, including improved liquidity through dual Canadian- and US-listings, as well as less significant trading deviations from net asset value (NAV). The move is in response to a hostile takeover bid from Sprott Asset Management.



Purpose Investments launches actively managed investment grade bond ETF

Oct 30th, 2015 | By
Purpose Investments launches actively-managed income-focused ETFs

Purpose Investments, a Toronto-based asset manager, has announced the launch of the Purpose Tactical Investment Grade Bond ETF (BND) on the Toronto Stock Exchange. The exchange-traded fund is actively managed, offering a yield maximisation strategy while also seeking to control risk through careful management of portfolio duration. Som Seif, President and Chief Executive Officer of Purpose Investments, commented: “With the Purpose Tactical Investment Grade Bond ETF we are focused on enhancing the return opportunities in bonds while reducing the amount of interest rate risk. The result should be a better reward per unit of risk in a bond portfolio.”



Purpose Investments expands ETF line-up

May 15th, 2014 | By
Purpose Investments expands ETF line-up

Purpose Investments, a Toronto-based exchange-traded fund sponsor, has launched three new ETFs on the Toronto Stock Exchange: the Purpose Best Ideas Fund (PBI), the Purpose Duration Hedged Real Estate Fund (PHR), and the non-currency hedged Purpose Tactical Hedged Equity Fund (PHE.B). Som Seif, President and CEO of Purpose Investments, said: “These new funds feature innovative approaches to equity investing, including the ability to mirror the high conviction picks of an elite group of investment managers and to invest in real estate securities while guarding against rising interest rates.”



Purpose Investments introduces high interest savings ETF

Oct 23rd, 2013 | By
Purpose Investments expands ETF line-up

Purpose Investments has announced the launch of its sixth exchange-traded fund, the Purpose High Interest Savings ETF (PSA), since making its debut in the ETF space in September this year. The Toronto-listed fund seeks to maximize monthly income while preserving capital and liquidity by investing substantially all of its assets in high interest deposit accounts with one or more Chartered Banks and/or Canadian credit unions.