Purpose Investments Inc. (“Purpose”) is pleased to announce that the Purpose Global Climate Opportunities Fund will be renamed to the Purpose Energy Transition Fund (TSX: CLMT) (the “Fund”). There will be no change to the Fund’s ETF ticker symbol or to the Fund’s investment objectives and main investment strategies. The name change will be effective on or around April 14, 2023.
The name change is being made to more accurately reflect the Fund’s mandate. Overall, the Fund is focused on the energy transition toward net zero and not exclusively on the clean energy segment. Purpose believes energy transition is a broader market trend that more accurately describes the Fund’s investment strategy, and more accurately reflects the move to net zero as an incremental transition that will impact all sectors of the economy.
About the Fund
The Fund is designed to have a thematic growth strategy focused on investing in companies globally that contribute to and/or benefit from the fight against climate change. The Fund seeks to identify companies that (1) develop technologies that directly support the transition to net zero, (2) innovate through adopting new technologies to be abatement leaders within their respective industries, and (3) produce resources with meaningful incremental demand linked to these themes, emphasizing opportunities related to leadership in incremental emissions reductions.
The change in name of the Fund re-positions the Fund in a way that is more consistent with its existing mandate.
About Purpose Investments
Purpose Investments is an asset management company with more than $15 billion 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.
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Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. The prospectus contains important detailed information about the investment fund. Please read the prospectus before investing. There is no assurance that any fund will achieve its investment objective, and its net asset value, yield, and investment return will fluctuate from time to time with market conditions. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.