Purpose Investments Inc.

Purpose Investments Inc.

April 22, 2015 08:00 ET

Purpose Investments Announces the Launch of Two Highly Innovative International Funds

TORONTO, ONTARIO--(Marketwired - April 22, 2015) - Purpose Investments Inc. ("Purpose") is pleased to announce the launch of two new international investment funds, Purpose International Dividend Fund (TSX:PID) and Purpose International Tactical Hedged Equity Fund (TSX:PHW) (collectively the "Funds"). Purpose has completed the initial public offering of the ETF units of Purpose International Dividend Fund and ETF shares of Purpose International Tactical Hedged Equity Fund. The ETF units of Purpose International Dividend Fund and the ETF shares of Purpose International Tactical Hedged Equity Fund will commence trading on the Toronto Stock Exchange today under the ticker symbols PID and PHW, respectively.

"Today's launch of our two new funds represents an expansion of our fund family outside of North America and into international equity markets for two popular and intelligent investment strategies already offered by Purpose," said Som Seif, President and Chief Executive Officer of Purpose. "Purpose Core Dividend Fund and Purpose Tactical Hedged Equity Fund have both demonstrated strong and stable returns since their inception and we believe that applying the same innovative strategies used by these funds to a portfolio of international equity securities will provide investors with important geographic diversification and returns that are consistently better than those of a benchmark index."

Purpose International Dividend Fund (TSX:PID)

The Purpose International Dividend Fund is a diversified portfolio comprised of the highest quality international companies with not only a history of paying good dividends, but more importantly, the capacity to pay and grow their dividends in the future. The Fund invests in an equally weighted portfolio of high quality dividend-paying equity securities of international issuers (excluding the United States and Canada) based on a fundamental rules-based portfolio selection strategy that is intended to create value and reduce risk over the investment period.

Purpose International Tactical Hedged Equity Fund (TSX:PHW)

The Purpose International Tactical Hedged Equity Fund targets global market returns with substantially less market volatility by dynamically hedging the market risk exposure of the portfolio. The Fund uses a fundamental rules-based portfolio selection strategy to select a long portfolio of relative value and quality equities from a universe of international stocks (excluding the United States and Canada). Separately, the Fund will tactically hedge its market risk exposure to each international market (i.e. Japan, UK, Eurozone, Switzerland, Australia, Netherlands) based on the risks each market presents. The goal of the Fund is to provide a more stable and conservative way to own international equities in order to achieve an attractive risk-adjusted return.

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 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 has over $1 billion in assets under management and currently offers 13 exchange traded funds and mutual funds and two closed-end funds across multiple asset classes and both traditional and alternative investment strategies.

Purpose is the manager of NexC Partners Corp. (TSX:NXC), an investment corporation which invests in a portfolio of North American dividend-paying equity securities, plus owns an equity stake in Purpose.

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