Purpose Investments Inc. Announces Risk Rating Change for NVIDIA (NVDA) Yield Shares Purpose ETF
October 22 2024 - 5:30PM
Purpose Investments Inc. (“Purpose”) announced today that it has
changed the risk rating for NVIDIA (NVDA) Yield Shares Purpose ETF
(the “Fund”) from “medium-to-high” to “high”. Such change is a
result of the risk rating methodology mandated by the Canadian
Securities Administrators and the periodic review by Purpose to
determine the risk level of its publicly-offered mutual funds.
No material changes have been made to the
investment objective, strategies or management of the Fund as a
result. The change of the risk rating will be reflected in the
Fund’s offering documents, which will be completed in accordance
with applicable securities laws.
About Purpose Investments
Purpose Investments is an asset management
company with approximately $20 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. 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.
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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