Three new funds are geared toward investors that seek innovative strategies and risk management
Purpose Investments is giving more choice to investors by launching ETF units and shares of three active funds — the Purpose Strategic Yield Fund, the Purpose Multi-Asset Income Fund and the Purpose Global Innovators Fund — on the TSX.
“From the very start, our mission at Purpose has always been driven by the desire to create investment products with a specific purpose and role to play, to aid in the construction of the most resilient portfolios,” said Purpose president and CEO Som Seif. “Offering ETF securities for these three funds will further expand access and choice for investors seeking active, innovative strategies with a focus on risk management – characteristics we believe are essential in helping Canadians achieve their long-term financial goals.”
The Purpose Strategic Yield Funds (SYLD) seeks high yield primarily through fixed-income securities from corporate issuers in Canada or the US. With investments generally below investment grade, the fund uses extensive bottom-up fundamental analysis and focuses on capital preservation. It is designed to work well in bear bond markets by actively managing credit risk and minimizing interest-rate exposure.
Meanwhile, the Purpose Multi-Asset Income Fund (PINC) seeks a high level of income and long-term capital growth primarily through a mix of income-producing securities. Its investment options include but are not limited to equity securities, common and preferred shares, REITs, investment-grade fixed-income securities, lower-quality fixed-income securities with higher-yields and floating-rate debt instruments. By sourcing income from traditional equity and fixed-income assets, as well as alternative sources, PINC can be an attractive solution in volatile and rising-interest-rate environments.
Finally, the Purpose Global Innovators Fund (PINV) seeks long-term capital growth through selection, management, and strategic sector rotation and trading of global positions in equity, debt, and derivative securities. Using a top-down macro approach combined with bottom-up security selection, it identifies businesses with potentially disruptive technologies or processes. PINV can complement investors’ equity holdings with higher-growth opportunities that have lower beta compared to the broad equity markets.