Purpose Best Ideas Fund Expands Offering With Non-Currency Hedged Shares and U.S. Dollar Purchase Options

Purpose Investments Inc. (“Purpose”) is pleased to announce the launch of ETF non-currency hedged shares of the popular Purpose Best Ideas Fund (the “Fund”). The ETF non-currency hedged shares of the Fund will commence trading on the Toronto Stock Exchange today under the ticker symbol PBI.B. The Fund now also offers series A and series F non-currency hedged mutual fund shares for purchase by investors in both Canadian and U.S. dollars.

“To help Canadians invest according to their preferences and views on the U.S. dollar, Purpose will offer hedged, non-hedged and U.S. dollar versions for certain strategies, including the Purpose Best Ideas Fund,” said Som Seif, President and Chief Executive Officer, Purpose. “The Purpose Best Ideas Fund has been well received by the market since our initial launch in April, but we know there are investors who are attracted to this strategy but do not want to hedge their currency exposure. The addition of these series will enable a wider range of investors to access this innovative strategy.”

Purpose Best Ideas Fund

The Fund invests in a portfolio of equities listed on major North American exchanges selected from a universe of equities held by some of the world’s most renowned investment managers, including Warren Buffet, Carl Icahn, Nelson Peltz, and George Soros. Simply put, this Fund is built around the best investment ideas from the world’s best portfolio managers.

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 approximately $800 million in assets under management and currently offers 10 exchange traded funds and mutual funds and two closed-end funds across multiple asset classes and 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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