Purpose Investments Expands ETF Offerings with New Launch
Purpose Investments Introduces New ETFs
Purpose Investments Inc. is excited to announce the filing of a preliminary prospectus for a new lineup of 15 Canadian Yield Shares exchange-traded funds (ETFs). This expansion reflects Purpose's ongoing commitment to provide innovative investment solutions. These new funds join the existing suite of 16 Yield Shares ETFs that focus primarily on U.S. stocks.
Aims of the New ETFs
The Canadian Yield Shares ETFs are designed with a clear objective in mind: to offer investors reliable monthly income in a tax-efficient manner. By investing in some of Canada’s most respected and largest companies, these ETFs will provide a diversified avenue for capital appreciation.
Fund Names and Tickers
Here’s a look at the new Canadian Yield Shares ETFs:
Purpose BMO Yield Shares ETF (Ticker: BMOY) – This fund focuses on shares of BMO Financial Group.
Purpose TD Yield Shares ETF (Ticker: TDY) – Investing in Toronto-Dominion Bank.
Purpose RBC Yield Shares ETF (Ticker: RBCY) – Focused on Royal Bank of Canada shares.
Purpose Scotiabank Yield Shares ETF (Ticker: BNSY) – This fund will include investments in Scotiabank.
Purpose CIBC Yield Shares ETF (Ticker: CMY) – Aims to invest in shares of Canadian Imperial Bank of Commerce.
Purpose National Bank Yield Shares ETF (Ticker: NAY) – Focusing on National Bank of Canada.
Purpose Enbridge Yield Shares ETF (Ticker: ENBY) – This fund will invest in Enbridge Inc.
Purpose Shopify Yield Shares ETF (Ticker: SHPY) – Targeting shares of Shopify Inc.
Purpose Canadian Natural Resources Yield Shares ETF (Ticker: CNQY) – Investing in Canadian Natural Resources Ltd.
Purpose TELUS Yield Shares ETF (Ticker: TY) – This will include shares of TELUS Corporation.
Purpose Dollarama Yield Shares ETF (Ticker: DOLY) – Focusing on Dollarama Inc. shares.
Purpose Couche-Tard Yield Shares ETF (Ticker: ATDY) – This fund invests in Alimentation Couche-Tard.
Purpose Brookfield Yield Shares ETF (Ticker: BNY) – Investing in Brookfield Asset Management.
Purpose Canadian National Railway Yield Shares ETF (Ticker: CNRY) – This ETF will focus on Canadian National Railway.
Purpose Manulife Yield Shares ETF (Ticker: MFCY) – Targeting shares of Manulife Financial Corporation.
How the ETFs Work
The primary goal of each ETF is to provide long-term capital appreciation. This is achieved through the strategic purchase and holding of common stocks from the listed companies. Some of the ETFs may also utilize leverage through cash borrowing to enhance returns, as well as maximize income by employing strategies such as writing covered call options.
About Purpose Investments
Purpose Investments Inc. is a leading asset management firm with over $26 billion in assets under management. Driven by a strong focus on client innovation, Purpose provides a variety of managed and quantitative investment products. The company is at the forefront of addressing clients' needs with its dynamic and technology-driven approach to financial services.
Get More Information
For additional information or inquiries regarding the Canadian Yield Shares ETFs, interested parties can contact:
Keera Hart
Keera.Hart@kaiserpartners.com
905-580-1257
Frequently Asked Questions
What are the new ETFs introduced by Purpose Investments?
Purpose Investments has introduced a total of 15 new Canadian Yield Shares ETFs aimed at providing tax-efficient income and exposure to key Canadian companies.
What is the investment strategy for these ETFs?
The ETFs aim to deliver long-term capital appreciation through a mix of common stock investments, potentially utilizing leverage and covered options to enhance returns.
How can investors access these ETFs?
Investors will be able to purchase shares once the relevant securities authorities issue receipts for the final prospectus of the ETFs.
Who can I contact for more information?
Contact Keera Hart at 905-580-1257 or via email at Keera.Hart@kaiserpartners.com.
Is Purpose Investments a well-established company?
Yes, Purpose Investments is a reputable asset management company with more than $26 billion in assets under management, known for its client-focused innovation.
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