Purpose Investments Wins 2018 Thomson Reuters Lipper Fund Award for Alternative Strategies
November 09 2018 - 10:03AM
Purpose Investments, Inc. (“Purpose”) is very pleased to announce
the recognition of Purpose Enhanced US Equity Fund (“the Fund”) at
the 2018 Thomson Reuters Lipper Fund Awards, which was held the
evening of November 7 in downtown Toronto. The 2018 Lipper Fund
Awards are given to funds for delivering consistently strong
risk-adjusted performance relative to their peers.
Purpose Enhanced US Equity Fund won the award for
Best Fund Over 3 Years in the Alternative Strategies category. The
Fund is managed in partnership with Neuberger Berman Breton Hill
LLC, which has more than 20 years of experience running market
neutral strategies for institutional clients. Since the founding of
Purpose, the partnership with Neuberger Berman Breton Hill has been
crucial to developing and making unique risk-managed and
alternative investment prospectus-based products available to all
investors.
Purpose Enhanced US Equity Fund posted an
annualized return of 8.45% over the judging period, which ended
July 31, 2018. The Fund generates enhanced returns from US equities
through a 130/30 long-short strategy. It is a prospectus offered
daily liquid fund without performance fees and is available in ETF
shares on the Toronto Stock Exchange under the ticker symbol “PEU”
and also available as a mutual fund. Since its inception on October
14, 2014, Purpose Enhanced US Equity Fund (ETF Class) has generated
an annualized return of 6.88%.
“We set out five years ago to help democratize and
change this industry for alternative investments and this award,
along with our two wins at the Annual Canadian Hedge Fund Awards,
validate our goal,” said Som Seif, President & CEO of Purpose
Investments Inc. “What we’re doing as a company is extremely
important, bringing innovation to the investing world. Winning
these awards proves our products can compete with and beat the
competition. All of our funds are powerful tools to help all types
of investors build resilient portfolios to meet their long-term
financial goals.”
Two Purpose alternative funds were recently
recognized at the Annual Canadian Hedge Fund Awards. Purpose Credit
Opportunities Fund and Purpose Multi-Strategy Market Neutral Fund
won Best 1-Year Returns in the Credit Focused and Market Neutral
categories, respectively.
About Purpose’s family of alternative
products
Purpose has been at the forefront of innovation in
the alternative investments space, offering them through widely
available prospectus-based products since 2013. In addition to the
Lipper Fund Award winner, alternatives with Purpose also include
the market neutral strategy, Purpose Multi-Strategy Market Neutral
Fund (ETF ticker PMM), the option-writing strategy, Purpose Premium
Yield Fund (ETF ticker PYF), the hedged equity strategies Purpose
Tactical Hedged Equity Fund (ETF ticker PHE) and Purpose
International Tactical Hedged Equity Fund (ETF ticker PHW), as well
Purpose Diversified Real Asset Fund (ETF ticker PRA).
About the Lipper Fund Awards
For more than three decades and in over 20
countries worldwide, the Thomson Reuters Lipper Fund Awards have
honoured funds and fund management firms that have excelled in
providing consistently strong risk-adjusted performance relative to
their peers. Renowned fund data and proprietary methodology is the
foundation of the Award qualification. Individual classifications
of three-, five-, and ten-year periods, as well as fund families
with high average scores for the three-year period are
recognized.
For more information about the Lipper Fund Awards,
please contact markets.awards@thomsonreuters.com or
visit www.lipperfundawards.com.
About Purpose Investments
Purpose Investments is an asset management company
with approximately $6.5 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 Financial, an independent
technology-driven financial services company.
For further information please contact:Matt
PadanyiPurpose Investments Inc. Tel: (877) 789-1517 Email:
info@purposeinvest.com
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.
Purpose Diversified Real... (TSX:PRA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Purpose Diversified Real... (TSX:PRA)
Historical Stock Chart
From Sep 2023 to Sep 2024