Purpose Investments surpasses $1 billion in assets under management in less than two years

Purpose Investments Inc. (“Purpose”) is pleased to announce that the firm’s assets under management (AUM) have surpassed $1 billion. Purpose is one of the fastest growing independent asset managers in Canada, launching its family of investment funds in the fall of 2013.

Purpose is wholeheartedly committed to democratizing the investment industry by giving all Canadians, small and large, access to a range of investment strategies that had previously only been available to larger investors. The Company’s goal is to change the way traditional investment strategies employ risk management and also change the way alternative strategies are delivered to investors, focusing on providing transparency, liquidity and attractive fees to help investors win over the long run.

“It is remarkable to think that less than two years ago we started this business with a simple mission of making investing cheaper and better for Canadians. Today, we have over $1 billion in AUM, outpacing our internal growth projections. Reaching this significant AUM milestone in a short period of time is a testament to our unique offerings and the great value that we provide to investors,” said Som Seif, President and CEO, Purpose Investments Inc. “We are very proud of the success of the firm so far, and look forward to continuing to develop innovative investment solutions that meet the needs of Canadian investors across all market environments.”

Purpose currently offers 11 exchange traded funds and mutual funds and 2 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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