Investment firm launches ETF series for award-winning hedge fund strategy
Purpose Investment Partners, a subsidiary of Purpose Investments, has opened the door for ETF investors to access an award-winning credit strategy.
Purpose has announced the launch of an ETF series for its Purpose Credit Opportunities Fund. Listed under the ticker CROP on the TSX, the ETF’s strategy seeks to maximize total returns, consisting of both distributions and capital appreciation, primarily through direct and indirect investments in debt and equity securities of non-investment-grade, publicly traded issuers.
“One of our mantras when investing in credit is to think like a lender, and the team’s extensive research in the credit space allows us to effectively apply that mantra to our portfolio,” said Sandy Liang, CFA. A portfolio manager and the head of Fixed Income at Purpose, Liang leads the firm’s credit research team, and has been recognized as a five-star fund manager by Morningstar.
The Purpose Credit Opportunities Fund has been recognized multiple times – including for the years 2018, 2019, and 2020 – as a first-place winner at the Canadian Hedge Fund Awards under the Credit Focused Return category.
Aside from using active, bottom-up credit research, the fund manages its risks with various hedging tools, thus generating income while reducing volatility without employing leverage.
“We are excited to offer an ETF series to provide investors the ability to generate equity-like absolute returns with less risk,” Liang said.
