Purpose Investments Inc. (“Purpose”) announced today an update to the investment risk ratings of the mutual funds listed below (the “Funds”).
Such changes are a result of the risk rating methodology mandated by the Canadian Securities Administrators and an annual review by Purpose to determine the risk level of its publicly offered mutual funds.
No material changes have been made to the investment objectives, strategies, or management of the Funds. The increase of the risk ratings will be reflected in the Funds’ offering documents, which will be completed in accordance with applicable securities laws. ETF units of Black Diamond Global Equity Fund (TSX ticker: BDEQ) and Black Diamond Distressed Opportunities Fund (TSX ticker: BDOP) are listed and trade on the Toronto Stock Exchange.
About Purpose Investments Inc.
Purpose Investments is an asset management company with over $13 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.
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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. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. 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.