TORONTO, ON --(Marketwired - October 28, 2015) - Purpose Investments Inc. ("Purpose Investments") is pleased to announce the launch of the Purpose Tactical Investment Grade Bond Fund (TSX: BND) (the "Fund"). The initial public offering of the Fund's ETF units has closed and the ETF units will commence trading on the Toronto Stock Exchange today under the ticker symbol "BND".
"The biggest challenge facing investors and advisors today is how to allocate to fixed income in their portfolios," said Som Seif, President and Chief Executive Officer of Purpose Investments. "Passively holding bonds over the past 30 years has been extremely rewarding. However today, the reward relative to the risk of a 'buy and hold' bond portfolio is no longer as attractive. With the Purpose Tactical Investment Grade Bond Fund we are focused on enhancing the return opportunities in bonds while reducing the amount of interest rate risk by using hedging strategies to reduce interest rate and duration risk on the bond portfolio. The result should be a better reward per unit of risk in a bond portfolio."
Purpose Tactical Investment Grade Bond Fund
The Purpose Tactical Investment Grade Bond Fund is designed to achieve positive total returns without taking on additional risk. The Fund maximizes the risk/return trade-off by enhancing bond yields while managing duration across a broad range of Canadian and U.S. government and corporate investment grade fixed income securities.
About Purpose Investments
Purpose Investments is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees. Purpose Investments believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors. Purpose Investments has approximately $1.4 billion in assets under management and currently offers 13 exchange-traded funds and mutual funds and 4 closed-end funds across multiple asset classes with both traditional and alternative investment strategies.
Purpose Investments is the manager of NexC Partners Corp. (TSX: NXC), an investment corporation which invests in a portfolio of North American dividend-paying equity securities, and also owns an equity stake in Purpose Investments.
For more information please contact:
Vice President, Marketing
Purpose Investments Inc.
130 Adelaide St. W., Suite 1700
Toronto, ON M5H 3P5