Purpose Investments Expands Investment Fund Offering With Launch of Two New
Innovative Funds and a Non-Currency Hedged Series of Existing
TORONTO, ONTARIO -- (Marketwired) -- 04/29/14 -- Purpose
Investments Inc. ("Purpose") is pleased to announce the launch of two
new investment funds, the Purpose Best Ideas Fund (TSX: PBI) and the
Purpose Duration Hedged Real Estate Fund (TSX: PHR), as well as the
launch of the non-currency hedged version of the popular Purpose
Tactical Hedged Equity Fund (TSX: PHE.B) (collectively the "Funds").
Purpose has completed the initial public offering of the Funds'
exchange traded series of shares ("ETF Shares"). The ETF Shares of
the Purpose Best Ideas Fund, Purpose Duration Hedged Real Estate
Fund, and Purpose Tactical Hedged Equity Fund - Non Currency Hedged
will commence trading on the Toronto Stock Exchange today under the
ticker symbols PBI, PHR and PHE.B, respectively.
"With the launch of our first funds late last year, 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," said Som Seif,
President and Chief Executive Officer of Purpose Investments. "We are
excited about our new funds because they will provide access to very
important strategies that are not available today in the market."
Purpose Best Ideas Fund (TSX: PBI)
The Purpose Best Ideas Fund invests in a portfolio of equities listed
on major North American exchanges that are the top holdings of a
select group of 20 world-class value and activist investment
managers, including Warren Buffet, Carl Icahn, Nelson Peltz and
George Soros. Simply put, the Fund is built around the best
investment ideas from the world's best portfolio managers.
Purpose Duration Hedged Real Estate Fund (TSX: PHR)
The Purpose Duration Hedged Real Estate Fund seeks to provide
shareholders with long-term capital appreciation by investing in a
portfolio of real estate-focused equity securities listed on major
North American exchanges. The Fund is designed to guard against the
risk of rising interest rates associated with real estate equity
securities by tactically hedging the duration of the portfolio.
Purpose Tactical Hedged Equity Fund - Non Currency Hedged (TSX:
The Purpose Tactical Hedged Equity Fund - Non Currency Hedged is a
non-currency hedged series, which aims to achieve equity market
returns with substantially less market risk and protect against
significant equity downside by dynamically hedging the market
exposure of the Fund.
"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," continued Seif.
Purpose Investments Inc.
Vice President, Marketing
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