Latest news with #PurposeInvestments
Globe and Mail
3 days ago
- Business
- Globe and Mail
Purpose Investments Inc. Announces May 2025 Distribution for Purpose Global Bond Fund
TORONTO, May 28, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. is pleased to announce the May 2025 distribution rate for Purpose Global Bond Fund – ETF Units. The May 2025 distribution for Purpose Global Bond Fund – ETF Units will be paid in June 2025. The following table reflects the final distribution amount for the May 2025 distribution for Purpose Global Bond Fund – ETF Units. Ex-distribution date for the May 2025 distribution is June 3, 2025. Open-End Fund Ticker Symbol Final distribution per unit Record Date Payable Date Distribution Frequency Purpose Global Bond Fund – ETF Units BND $0.0840 06/03/2025 06/06/2025 Monthly About Purpose Investments Inc. Purpose Investments Inc. is an asset management company with more than $24 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 Hart 905-580-1257 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.
Yahoo
3 days ago
- Business
- Yahoo
Purpose Investments Inc. Announces May 2025 Distribution for Purpose Global Bond Fund
TORONTO, May 28, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. is pleased to announce the May 2025 distribution rate for Purpose Global Bond Fund – ETF Units. The May 2025 distribution for Purpose Global Bond Fund – ETF Units will be paid in June 2025. The following table reflects the final distribution amount for the May 2025 distribution for Purpose Global Bond Fund – ETF Units. Ex-distribution date for the May 2025 distribution is June 3, 2025. Open-End Fund TickerSymbol Final distributionper unit Record Date Payable Date DistributionFrequency Purpose Global Bond Fund – ETF Units BND $0.0840 06/03/2025 06/06/2025 Monthly About Purpose Investments Inc. Purpose Investments Inc. is an asset management company with more than $24 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 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.
Globe and Mail
5 days ago
- Business
- Globe and Mail
What recent market downturns can teach us about portfolio diversification
Most investors understand that diversification can help preserve portfolio values when markets are volatile. But an asset mix that worked during one market downturn may not have the same stabilizing effect in another, money managers warn. Bonds have epitomized this point in recent years. They helped investors stave off losses during the 2000 dot-com market meltdown, the 2008-09 global financial crisis and the pandemic-driven downturn in 2000. But 2022 was a different story. Instead of balancing out a portfolio, bonds fell alongside stocks when inflation surged, causing investors to question the validity of the conventional balanced portfolio. Bonds helped during the tariff-driven market sell-off in April, but other diversification options, such as gold and European equities, were better bets. 'It highlights that you can't use plain vanilla bonds as a portfolio diversifier anymore. You need to diversify the defensive portion of your portfolio,' says Craig Basinger, chief market strategist at Toronto-based Purpose Investments Inc., adding that each market correction has different causes. Diversification often includes bonds, alternative investments (such as private equity and hard-asset real estate), gold, currency (such as the U.S. dollar) and securities in different geographies such as Europe and Asia. Investors have more choices than ever to add these mixed assets through a growing list of exchange-traded funds and mutual funds. Some advisors also add alternatives to their portfolios using private market funds. Added diversification could mean more muted portfolio returns when equities are soaring, as they did in 2023 and 2024. Still, Mr. Basinger says a mix of assets can be an important portfolio ballast when markets correct. Each downturn is also driven by unique circumstances, Mr. Basinger notes, which makes it hard to predict which asset will work best. Consider the U.S. dollar, which is usually a safe bet when there's global economic uncertainty, but not lately. The U.S.-led tariff war and concerns about the country's debt have led to a drop in the greenback. Still, Mr. Basinger says the U.S. dollar and bonds could become havens if the economy weakens. 'You can't give up on these different diversifiers even if they didn't work in the last correction,' Mr. Basinger says. 'You have to acknowledge that you don't necessarily know what's going to work and need a more diversified defence.' Ben Jang, portfolio manager at Nicola Wealth Management Ltd. in Vancouver, says alternative assets can provide stability when markets are volatile and if other diversification vehicles such as bonds, gold or currencies don't work as expected. 'You need to go outside the traditional box to provide diversification in today's environment,' he says. His firm invests in equities, bonds and alternative assets, including hard-asset real estate, private equity, infrastructure, private mortgages and private debt. The alternatives are also diversified to help balance portfolios. For example, if higher interest rates create headwinds in real estate, he says private debt assets would experience tailwinds as financing rates typically float with interest rate movements. 'They're examples of true diversifying assets to hold together to create balanced portfolios,' he says. Nicola Wealth has become more defensive given market uncertainties around tariffs and a possible recession. In public equities, Mr. Jang is focused on companies with stable and growing dividends and diversification into global markets, such as Europe. His bond portfolio is tilted toward mid-duration corporate bonds. 'Bonds will continue to be a diversifying factor and a bit more defensive than equities,' he says. Brent Joyce, chief investment strategist and managing director at BMO Private Investment Counsel in Toronto, says diversification isn't a foolproof investment strategy, but he believes it's better than the rest. 'There's no perfect elixir that, if I diversify, I don't have to worry about anything else,' he says. Some asset classes will always underperform others in a broadly diversified portfolio, he says. The goal is to smooth out the volatility during market corrections, whether driven by external shocks such as COVID-19 or tariffs, or the market imbalances behind the dot-com bust and global financial crisis. 'If something doesn't work, it doesn't mean diversification is broken. It will work over time,' Mr. Joyce says. He says the right diversification strategy starts with a financial plan, weighing factors such as risk tolerance and investment time horizon, and then understanding what diversification can and can't do. 'With diversification, you're not going to get the best performance [and] you're not going to get the worst. But, over time, you're going to get better than any other strategy I've come to know,' Mr. Joyce says. Also, diversification isn't a set-and-forget strategy. He says assets should be rebalanced regularly to ensure investors have the right asset mix that aligns with their financial plan. 'It's about having discipline and a methodical approach,' he says.
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Purpose Investments Inc. Announces May 2025 Distributions
TORONTO, May 20, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. ('Purpose') is pleased to announce distributions for the month of May 2025 for its open-end exchange traded funds and closed-end funds ('the Funds'). The ex-distribution date for all Open-End Funds is May 28, 2025. The ex-distribution date for all closed-end funds is May 30, 2025. Open-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency Apple (AAPL) Yield Shares Purpose ETF - ETF Units APLY $0.1667 05/28/2025 06/03/2025 Monthly Purpose Canadian Financial Income Fund - ETF Series BNC $0.1225¹ 05/28/2025 06/03/2025 Monthly Berkshire Hathaway (BRK) Yield Shares Purpose ETF - ETF Units BRKY $0.1000 05/28/2025 06/03/2025 Monthly Purpose Bitcoin Yield ETF - ETF Units BTCY $0.0850 05/28/2025 06/03/2025 Monthly Purpose Bitcoin Yield ETF - ETF Non-Currency Hedged Units BTCY.B $0.0970 05/28/2025 06/03/2025 Monthly Purpose Bitcoin Yield ETF - ETF USD Units BTCY.U US $0.0815 05/28/2025 06/03/2025 Monthly Purpose Credit Opportunities Fund - ETF Units CROP $0.0875 05/28/2025 06/03/2025 Monthly Purpose Credit Opportunities Fund - ETF USD Units CROP.U US $0.0975 05/28/2025 06/03/2025 Monthly Purpose Ether Yield - ETF Units ETHY $0.0405 05/28/2025 06/03/2025 Monthly Purpose Ether Yield ETF - ETF Non-Currency Hedged Units ETHY.B $0.0500 05/28/2025 06/03/2025 Monthly Purpose Ether Yield ETF - ETF Units Non-Currency Hedged USD Units ETHY.U US $0.0395 05/28/2025 06/03/2025 Monthly Purpose Global Flexible Credit Fund - ETF Units FLX $0.0461 05/28/2025 06/03/2025 Monthly Purpose Global Flexible Credit Fund - Non-Currency Hedged - ETF Units FLX.B $0.0551 05/28/2025 06/03/2025 Monthly Purpose Global Flexible Credit Fund - Non-Currency Hedged USD - ETF Units FLX.U US $0.0385 05/28/2025 06/03/2025 Monthly Purpose Global Bond Class - ETF Units IGB $0.0860¹ 05/28/2025 06/03/2025 Monthly Microsoft (MSFT) Yield Shares Purpose ETF - ETF units MSFY $0.1100 05/28/2025 06/03/2025 Monthly Purpose Enhanced Premium Yield Fund - ETF Series PAYF $0.1375¹ 05/28/2025 06/03/2025 Monthly Purpose Total Return Bond Fund - ETF Series PBD $0.0590¹ 05/28/2025 06/03/2025 Monthly Purpose Core Dividend Fund - ETF Series PDF $0.1050¹ 05/28/2025 06/03/2025 Monthly Purpose Enhanced Dividend Fund - ETF Series PDIV $0.0950¹ 05/28/2025 06/03/2025 Monthly Purpose Real Estate Income Fund - ETF Series PHR $0.0720¹ 05/28/2025 06/03/2025 Monthly Purpose International Dividend Fund - ETF Series PID $0.0780 05/28/2025 06/03/2025 Monthly Purpose Monthly Income Fund - ETF Series PIN $0.0830¹ 05/28/2025 06/03/2025 Monthly Purpose Multi-Asset Income Fund - ETF Units PINC $0.0840 05/28/2025 06/03/2025 Monthly Purpose Conservative Income Fund - ETF Series PRP $0.0600¹ 05/28/2025 06/03/2025 Monthly Purpose Premium Yield Fund - ETF Series PYF $0.1100¹ 05/28/2025 06/03/2025 Monthly Purpose Premium Yield Fund Non-Currency Hedged - ETF Series PYF.B $0.1230¹ 05/28/2025 06/03/2025 Monthly Purpose Premium Yield Fund Non-Currency Hedged - ETF USD Series PYF.U US $0.1200¹ 05/28/2025 06/03/2025 Monthly Purpose Core Equity Income Fund - ETF Series RDE $0.0875¹ 05/28/2025 06/03/2025 Monthly Purpose Emerging Markets Dividend Fund - ETF Units REM $0.0950 05/28/2025 06/03/2025 Monthly Purpose Canadian Preferred Share Fund - ETF Units RPS $0.0950 05/28/2025 06/03/2025 Monthly Purpose US Preferred Share Fund - ETF Series RPU $0.0940 05/28/2025 06/03/2025 Monthly Purpose US Preferred Share Fund Non-Currency Hedged - ETF Units 2 RPU.B / RPU.U $0.0940 05/28/2025 06/03/2025 Monthly Purpose Strategic Yield Fund - ETF Units SYLD $0.0970 05/28/2025 06/03/2025 Monthly AMD (AMD) Yield Shares Purpose ETF - ETF Series YAMD $0.2000 05/28/2025 06/03/2025 Monthly Amazon (AMZN) Yield Shares Purpose ETF- ETF Units YAMZ $0.4000 05/28/2025 06/03/2025 Monthly Broadcom (AVGO) Yield Shares Purpose ETF - ETF Series YAVG $0.1500 05/28/2025 06/03/2025 Monthly Coinbase (COIN) Yield Shares Purpose ETF - ETF Series YCON $0.3000 05/28/2025 06/03/2025 Monthly Costco (COST) Yield Shares Purpose ETF - ETF Series YCST $0.1000 05/28/2025 06/03/2025 Monthly Alphabet (GOOGL) Yield Shares Purpose ETF - ETF Units YGOG $0.2500 05/28/2025 06/03/2025 Monthly Tech Innovators Yield Shares Purpose ETF - ETF Series YMAG $0.2000 05/28/2025 06/03/2025 Monthly META (META) Yield Shares Purpose ETF - ETF Series YMET $0.1600 05/28/2025 06/03/2025 Monthly Netflix (NFLX) Yield Shares Purpose ETF - ETF Series YNET $0.1100 05/28/2025 06/03/2025 Monthly NVIDIA (NVDA) Yield Shares Purpose ETF - ETF Units YNVD $0.7500 05/28/2025 06/03/2025 Monthly Palantir (PLTR) Yield Shares Purpose ETF - ETF Series YPLT $0.2500 05/28/2025 06/03/2025 Monthly Tesla (TSLA) Yield Shares Purpose ETF - ETF Units YTSL $0.5500 05/28/2025 06/03/2025 Monthly UnitedHealth Group (UHN) Yield Shares Purpose ETF - ETF Series YUNH $0.1100 05/28/2025 06/03/2025 Monthly Closed-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency Big Banc Split Corp, Class A BNK $0.1200¹ 05/30/2025 06/13/2025 Monthly Big Banc Split Corp - Preferred Shares $0.0700¹ 05/30/2025 06/13/2025 Monthly Estimated May 2025 Distributions for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund The May 2025 distribution rates for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund are estimated to be as follows: Open-End Fund Ticker Symbol Final distribution per unit Record Date Payable Date Distribution Frequency Purpose USD Cash Management Fund – ETF Units MNU.U US $ 0.3528 05/28/2025 06/03/2025 Monthly Purpose Cash Management Fund – ETF Units MNY $0.2370 05/28/2025 06/03/2025 Monthly Purpose High Interest Savings Fund – ETF Units PSA $0.1068 05/28/2025 06/03/2025 Monthly Purpose US Cash Fund – ETF Units PSU.U US $ 0.3495 05/28/2025 06/03/2025 Monthly Purpose expects to issue a press release on or about May 27, 2025, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund. The ex-distribution date will be May 28, 2025. (1) Dividend is designated as an 'eligible' Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation. (2) Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date. About Purpose Investments Inc. Purpose Investments is an asset management company with more than $21 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 Hart 905-580-1257 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.
Yahoo
12-05-2025
- Business
- Yahoo
Steadyhand Announces Unitholder Approval to Change Manager to Purpose Investments
VANCOUVER, British Columbia, May 12, 2025 (GLOBE NEWSWIRE) -- Steadyhand Investment Management Ltd. ('Steadyhand') announced today that it has received unitholder approval to change the manager of the Steadyhand Investment Funds (the 'Funds') to Purpose Investments Inc. ('Purpose Investments'), a wholly owned subsidiary of Purpose Unlimited Inc. ('Purpose'). Specifically, the unitholders approved the change in manager from Steadyhand to Purpose Investments, and the change to the investment objectives of each of the Funds, all as more particularly described in the Notice of Special Meetings of Unitholders and Joint Management Information Circular dated April 7, 2025 (the 'Circular'). 'We're pleased to report that our clients voted overwhelmingly in favour of the changes,' said Tom Bradley, Steadyhand Chair and co-founder. 'This strong endorsement is a testament to the confidence our clients have in the future of Steadyhand and Purpose.' These changes were previously announced by Purpose and Steadyhand on March 24, 2025, in connection with the announcement that Purpose had entered into an agreement to acquire all the issued and outstanding shares of Steadyhand and Steadyhand Investment Funds, Inc. (the 'Transaction'). Voting results for each of the Funds will be available under their respective profiles at The Transaction and changes approved by unitholders are expected to be completed in and around Q2 2025, pending regulatory approvals and customary closing conditions. Additional details regarding the Transaction and the changes affecting the Funds are set out in the Circular and the simplified prospectus and fund facts for the Funds, and amendments thereto, which are available under each Fund's profile at About Purpose Purpose is a growing independent financial services firm on a mission to redefine the industry by putting customers first and delivering innovative solutions that shape the future of finance. Purpose offers cutting-edge technology and a diverse suite of financial products and services to empower Canadians with the tools and advice they need to succeed. Founded and led by entrepreneur Som Seif, the firm's businesses span asset and wealth management and small business financing and include Purpose Investments, Driven by Purpose, Advisor Solutions by Purpose and Longevity. For more information, please visit About Steadyhand Steadyhand is a low-fee investment firm with a mission of providing Canadians with a better investing outcome and a simpler, more personalized experience. It offers clear-cut advice, customized plans, and most importantly, a steady hand, to help investors achieve their financial goals. The firm has approximately $1.3 billion of assets under management with offices in Vancouver and Toronto. For further information, please contact: David ToyneChief Development OfficerSteadyhand Investment Funds Inc. 1-888-888-3147Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
