TORONTO, ON--(Marketwired - June 08, 2017) - Purpose Investments Inc. ("Purpose") is pleased to announce the launch of a new strategy that maximizes the yield opportunity of a short-duration investment-grade bond portfolio, the Purpose Short Duration Tactical Bond Fund (
"The biggest challenge facing investors and advisors today is how to maximize yield from fixed income while limiting their interest rate risk," 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 Short Duration Tactical Bond Fund, we focus on enhancing the yield opportunities in bonds while reducing the amount of interest rate risk to no more than 2.5 years of duration by using hedging strategies. The result should be a better reward per unit of risk in a bond portfolio."
Purpose Short Duration Tactical Bond Fund
The Purpose Short Duration Tactical Bond Fund is designed to provide regular income in diverse market environments and protect capital from changes in interest rates over time by allocating its assets primarily among a broad range of investment-grade fixed-income securities and maintaining overall portfolio duration of no more than 2.5 years.
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 $3.3 billion in assets under management and currently offers 34 exchange traded funds and mutual funds and 6 closed-end funds across multiple asset classes and both traditional and alternative investment strategies.
For more information please contact:
Purpose Investments Inc.
Tel: (877) 789-1517