Purpose Investments Launches Actively Managed Portfolio Solutions Targeting Conservative, Balanced, and Growth Risk Profiles
October 24 2023 - 7:30AM
Purpose Investments Inc. (“Purpose”) is proud to announce the
launch of
Purpose Active Portfolio Solutions,
including three single-ticket portfolio solutions designed to suit
a broad range of investor risk tolerance. Each Fund, as defined
below, seeks to deliver superior investor outcomes by tactically
managing asset allocation within defined ranges and selectively
deploying active security selection into market segments where the
portfolio manager believes it is most likely to add value. As part
of this initiative, Purpose is launching three funds (each a “Fund”
and collectively the “Funds”):
Purpose Active Conservative
Fund (TSX:
PACF),
Purpose Active
Balanced Fund (TSX:
PABF), and
Purpose Active Growth Fund (TSX:
PAGF). Each Fund has closed the initial offering
of its ETF units and will begin trading today on the Toronto Stock
Exchange under the ticker symbols noted. Each Fund also offers
conventional class A, class F, and class I mutual fund units.
The post-pandemic market environment exposed a clear downside to
the ‘set-it-and-forget-it’ 60/40 portfolio. This was most clearly
demonstrated in 2022, when equities and bonds became highly
correlated with major benchmarks in both asset classes, delivering
double-digit negative performance. Purpose believes the
forward-looking investment climate features a very different set of
challenges than the post-2008 bull market that tends to inform
investor recency bias and is launching the Funds to address the
portfolio management challenges of the future.
This approach differentiates through a combination of three key
factors:
- Dynamic asset allocation.
- Combining actively managed solutions
with passive benchmark allocations.
- Rigorous underlying Fund due
diligence to select a combination of third-party and proprietary
fund vehicles with Purpose-managed products limited to 40%.
“As a firm, we are believers that active management can deliver
specific outcomes that are accretive to investment performance and
help our clients meet long-term investment objectives,” says Craig
Basinger, Chief Market Strategist and the Funds’ portfolio manager.
“We believe tactical asset allocation and selectively deployed
active management can materially improve risk-adjusted performance
relative to pure passive management, and we’ve designed these funds
to match this philosophy.”
Purpose Active Portfolio Solutions
Specifics:
Purpose Active Conservative Fund: Focused on
income generation, low volatility and preservation of capital to
suit the risk tolerance of conservative investors.
Purpose Active Balanced Fund: Pursues a balance
of capital growth and income with moderate volatility to suit an
average risk tolerance.
Purpose Active Growth Fund: Emphasizes capital
growth over income to be suitable for investors with a higher risk
tolerance.
Each Fund is managed to a target asset allocation with
predefined ranges, allowing for tactical flexibility while staying
within the established risk-tolerance framework.
“Purpose’s Active Portfolio Solutions make up an exciting
initiative that empowers investors to navigate a more complex
investment landscape looking forward,” says Vlad Tasevski, Head of
Asset Management, Institutions, and Investors at Purpose. “We
believe these new solutions will be a welcome and exciting addition
for our business and clients in providing comprehensive
single-ticket solutions across the risk spectrum.”
Learn more about the Funds here:
- Purpose Active Conservative
Fund
- Purpose Active Balanced Fund
- Purpose Active Growth Fund
About Purpose Investments
Purpose Investments is an asset management company with over $17
billion in assets 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 Unlimited, an independent technology-driven
financial services company.
For further information, please contact:Keera Hart
keera.hart@kaiserpartners.com905-580-1257
The content of this document is for informational purposes only
and is not being provided in the context of an offering of any
securities described herein, nor is it a recommendation or
solicitation to buy, hold or sell any security. Information
contained in this document is not, and under no circumstances is it
to be construed as, an offering memorandum, prospectus,
advertisement or public offering of securities. No securities
commission or similar regulatory authority has reviewed this
information, and any representation to the contrary is an offence.
Information contained in this document is believed to be accurate
and reliable; however, we cannot guarantee that it is complete or
current at all times. The information provided is subject to change
without notice.
Commissions, trailing commissions, management fees and expenses
all may be associated with investment fund investments. Please read
the prospectus and other disclosure documents before investing.
There can be no assurance that the full amount of your investment
in a fund will be returned to you. If the securities are purchased
or sold on a stock exchange, you may pay more or receive less than
the current net asset value. Investment funds are not guaranteed,
their values change frequently, and past performance may not be
repeated. Fund distribution levels and frequencies are not
guaranteed and may vary at the Purpose Investment’s sole
discretion.
Certain statements in this document may be forward-looking.
Forward-looking statements (“FLS”) are statements that are
predictive in nature, depend on or refer to future events or
conditions, or that include words such as “may,” “will,” “should,”
“could,” “expect,” “anticipate,” “intend,” “plan,” “believe,”
“estimate” or other similar expressions. Statements that look
forward in time or include anything other than historical
information are subject to risks and uncertainties, and actual
results, actions or events could differ materially from those set
forth in the FLS. FLS are not guarantees of future performance and
are, by their nature, based on numerous assumptions. Although the
FLS contained in this document are based upon what Purpose
Investments believes to be reasonable assumptions, Purpose
Investments cannot assure that actual results will be consistent
with these FLS. The reader is cautioned to consider the FLS
carefully and not to place undue reliance on the FLS. Unless
required by applicable law, it is not undertaken, and specifically
disclaimed, that there is any intention or obligation to update or
revise FLS, whether as a result of new information, future events
or otherwise.
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