New offering provides award-winning strategy available to investors in US dollars
TORONTO, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Purpose Investment Partners Inc. (“Purpose”) today announced the launch of a new USD ETF series for its award-winning credit fund, Purpose Credit Opportunities Fund (the “Fund”), which will begin trading today on the Toronto Stock Exchange under the ticker CROP.U.
The Fund seeks to maximize total returns for unitholders, consisting of both distributions and capital appreciation. To achieve its investment objectives, the Fund invests, directly or indirectly, primarily in debt and equity securities of non-investment grade rated, publicly traded issuers.
Purpose Credit Opportunities Fund, a four-time Canadian Hedge Fund Awards winner (2021, 2020, 2019, and 2018) in the Credit Focused category for various measurement periods, is actively managed by Sandy Liang, Head of Fixed Income at Purpose. Liang, a Morningstar 5-Star fund manager, is a Wall Street veteran with over 30 years of credit investment management experience.
Built on the success of its Series A, Series F, and ETF offerings, Purpose is excited to offer a USD ETF option to investors who wish to invest using U.S. currency.
“The U.S. Federal Reserve is on track to increase interest rates faster than other major countries, making the U.S. dollar attractive to investors,” said Liang. “The Fund’s Canadian investor base is becoming more diversified, and the international investor segment is growing, many of whom view the U.S. dollar as the world’s currency reserve. So, we are excited to make this award-winning strategy available to all.”
The Fund has had a successful track record since its inception in 2013 and combines active, bottom-up credit research with risk management using various hedging tools to generate income while reducing volatility. At Purpose, we want to empower investors with the insights and expertise to make informed investment decisions. For more information on the Fund, please visit: purposeinvest.com/funds/purpose-credit-opportunities-fund.
About Purpose Investments
Purpose Investment Partners Inc. is a subsidiary of Purpose Investments Inc. (“Purpose Investments”), an asset management company with over $13 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.
For further information please contact:
Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. The prospectus contains important detailed information about the investment fund. Please read the prospectus before investing. There is no assurance that any fund will achieve its investment objective, and its net asset value, yield, and investment return will fluctuate from time to time with market conditions. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements on this site may be forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend on or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” intend,” “plan,” “believe,” “estimate” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are by their nature based on numerous assumptions. Although the FLS contained in this document are based upon what Purpose believes to be reasonable assumptions, Purpose cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on the FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.
This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not for dissemination in the United States or for distribution to US news wire services.