Staff
Purpose Investments Inc. has launched two new investment funds, the Purpose Best Ideas Fund and the Purpose Duration Hedged Real Estate Fund (PHR).
The firm has also introduced a non-currency hedged version of Purpose Tactical Hedged Equity Fund. It completed the initial public offering of these funds exchange traded series of shares, which commence trading on the TSX today under the ticker symbols PBI, PHR and PHE.B, respectively.
“Purpose has been built with the goal of delivering the best investment products with attractive management fees and to make them available broadly to both large institutional and retail investors in Canada,” says Som Seif, president and CEO of Purpose Investments.