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Alternative Market Briefing

Purpose Investments launches new series of premium yield fund
Thursday, November 29, 2018

Laxman Pai, Opalesque Asia:

Toronto-based Purpose Investments has announced the launch of two new series of its Purpose Premium Yield Fund.

In addition to the original currency-hedged series of the Fund (TSX: PYF), Purpose is now offering a non-currency hedged series (TSX: PYF.B) and a U.S. dollar series (TSX: PYF.U), the asset management company with approximately $6.5bn under management said.

Purpose has completed the initial public offering of non-currency hedged series and a U.S. dollar series, which began trading on the Toronto Stock Exchange yesterday. All of the series of the fund are also available in mutual fund versions.

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