Purpose Investments is set to launch its first ETF in Europe, the Medical Cannabis and Wellness UCITS ETF (CBSX GR) on Xetra. The fund, which is being brought to market in collaboration with white-label ETF provider HANetf, will be the first UCITS ETF to deliver targeted exposure to the rapidly expanding medical cannabis industry. Som Seif, CEO of Purpose Investments, said, “We believe that the cannabis sector is still in the infancy stages of a multi-year growth phase and that there is ample opportunity for innovation and new discoveries.”

Purpose Investments has announced a reduction in the management fee on the Purpose Behavioural Opportunities Fund (BHAV US) from 1.00% to 0.75%, effective 1 January 2020. The actively managed ETF uses the foundations of behavioural economics and psychology in a bid to identify and profit from irrational, emotionally driven investor decisions. Som Seif, CEO of Purpose Investments, commented, “The fund is a cutting-edge strategy that takes advantage of the latest research to give investors a truly unique way to generate returns.”

Evolve Funds has unveiled a new actively managed ETF in Canada that seeks to maximize monthly income while preserving capital and liquidity by investing in high-interest deposit accounts. The Evolve High Interest Savings Account ETF (HISA CN) has listed on Aequitas NEO Exchange and comes with a management fee of 0.15%.

Purpose Investments has announced the upcoming closure of the Purpose Enhanced US Equity Fund (PEU CN).

Purpose Investments has launched a new actively managed ETF in Canada. The Purpose Enhanced Premium Yield Fund (PAYF CN) seeks to provide high monthly income by employing various option strategies, such as cash-covered puts and covered calls, within the North American equities universe.

Purpose Investments has launched two new ETF share classes on Toronto Stock Exchange for the Purpose Premium Yield Fund, an actively managed fund that pursues various options strategies within the North American equities universe. “The Purpose Premium Yield Fund is a powerful income-generating tool to help investors build resilient portfolios,” said Som Seif, CEO of Purpose Investments. “Providing more ways for investors to access the fund is just another example of the enhancements we’re doing at Purpose to make innovative investment strategies more widely available.”

Purpose Investments has launched the Purpose Gold Bullion Fund (KILO CN) on Toronto Stock Exchange. With a management fee of just 0.20%, the fund provides a low-cost means for investors to access the performance of gold.

Purpose Investments has launched the actively managed Purpose Managed Duration Investment Grade Bond ETF on the Toronto Stock Exchange (TSX). “With active duration management, a focus on capital preservation, and a tax-advantaged yield, we believe this Fund provides a unique and compelling way to invest in fixed income markets in a rising-interest-rate environment,” said Som Seif, president and chief executive officer of Purpose Investments.

Purpose Investments has launched three actively managed ETFs on the Toronto Stock Exchange. Som Seif, president and CEO of Purpose Investments, commented, “These three funds will further expand access and choice for investors seeking active, innovative strategies with a focus on risk management – characteristics we believe are essential in helping Canadians achieve their long-term financial goals.”

Purpose Investments has launched two active ETFs catering to investors seeking income-generating opportunities. The Purpose Conservative Income ETF (Toronto: PRP) and the Purpose Canadian Financial Income ETF (Toronto: BNC) invests in developed North American and Canadian securities respectively while each employs derivatives to either manage downside risk or further boost income. Som Seif, CEO of Purpose Investments: “The [ETFs] provide investors with important and innovative ways to help satisfy the need for regular monthly income while managing risk through option strategies.”