TORONTO, Nov. 09, 2018 (GLOBE NEWSWIRE) -- 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 Padanyi
Purpose 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.
