Purpose Investments Inc.

Purpose Investments Inc.

October 15, 2013 08:10 ET

Purpose Investments Launches the World's First High Interest Savings ETF

TORONTO, ONTARIO--(Marketwired - Oct. 15, 2013) - Purpose Investments Inc. ("Purpose") is pleased to announce the launch of the Purpose High Interest Savings ETF (TSX:PSA), which will begin trading today on the Toronto Stock Exchange.

The Purpose High Interest Savings ETF seeks to maximize monthly income while preserving capital and liquidity. The Fund invests substantially all of its assets in high interest deposit accounts with one or more Chartered Banks and/or Canadian credit unions, providing investors with greater yield than traditional money market funds.

"Our goal at Purpose is to give the highest quality, low cost investment funds for Canadians," said Som Seif, President and CEO, Purpose. "The Purpose High Interest Savings ETF offers a better rate of interest than many money market funds, while offering the safety and security of a savings account."

The Purpose High Interest Savings ETF has closed the initial offering of its units and the units will begin trading on the Toronto Stock Exchange when it opens this morning. The fund will trade on a T+1 (trade date +1 business day) settlement basis.

About Purpose Investments

Purpose Investments Inc. is committed to enabling all investors to have access to great investment products at reasonable fees. Through innovative and thoughtful product design and development, our investment strategies are managed with prudence, a long-term perspective, and with the goal of providing returns that are consistently better than those of a benchmark index. 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 Investments is the manager of NexC Partner Corp. (TSX:NXC), an investment corporation which invests in a portfolio of North American dividend-paying equity securities plus an equity stake in Purpose Investments.

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