Purpose Investments Inc. Announces Changes to Risk Ratings
13 Octubre 2022 - 4:01PM
Purpose Investments Inc. (“Purpose”) announced today an update to
the investment risk ratings of the mutual funds listed below (the
“Funds”).
|
Fund Name |
Previous Risk Rating |
Updated Risk Rating |
|
Black Diamond Global Equity Fund |
Medium |
High |
|
Black Diamond Distressed Opportunities Fund |
Medium to High |
High |
|
Black Diamond Global Enhanced Income Fund |
Low |
Low to Medium |
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.
For further information please contact:Keera
Hartkeera.hart@kaiserpartners.com905-580-1257
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.
This press release is for information purposes only and does not
constitute an offer to sell or a solicitation to buy the securities
referred to herein. This press release is not for dissemination in
the United States or for distribution to US news wire services.
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