Purpose Investments announces the launch of new ETF series of Purpose Managed Duration Investment Grade Bond Fund

TORONTO, June 21, 2018 (GLOBE NEWSWIRE) -- Purpose Investments Inc. is pleased to announce the completion of the initial public offering of ETF shares of Purpose Managed Duration Investment Grade Bond Fund (“the Fund”). The ETF shares will begin trading on the Toronto Stock Exchange today, under the ticker symbol IGB. The Fund is also available in Series A and Series F mutual fund shares.

“We are delighted to continue the expansion of Purpose’s ETF lineup, providing investors with maximum access and flexibility to our innovative products,” said Som Seif, President and Chief Executive Officer of Purpose Investments Inc. “Purpose Managed Duration Investment Grade Bond Fund is one of very few investment grade bond funds available in the tax-advantaged corporate class structure. With active duration management, a focus on capital preservation, and a tax-advantaged yield, we believe this Fund provides a unique and compelling way to invest in fixed income markets in a rising-interest-rate environment.”

Purpose Managed Duration Investment Grade Bond Fund is designed to provide shareholders with exposure to a diversified portfolio of corporate, government and/or other debt-like securities, including corporate bonds, notes, floating rate notes, convertible bonds, preferred shares, bank loans, government bonds or other income-producing securities. The Fund is actively managed by Sandy Liang, CFA, a credit expert with significant experience in researching, analysing and investment in fixed income markets.

About Purpose Investments Inc.

Purpose Investments is an asset management company with approximately $5.5 billion 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 Financial, an independent technology-driven financial services company.

For further information please contact:

Nancy Turner
Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.