Purpose Investments adds eight new single-stock ETFs to Yield Shares suite

 Purpose Investments Inc. announced it has filed and received a preliminary prospectus with Canadian securities regulators for the proposed launch of eight new yield-focused single-stock ETFs.

These additions expand the Yield Shares suite, designed to provide investors with monthly income while maintaining exposure to prominent global companies.

The new Yield Shares ETFs include the following:

_{Source: Purpose Investments Inc.}

Yuan Gao, vice president of Product at Purpose Investments, explained that Purpose Yield Shares, launched in 2022, has gained attention for providing monthly income while maintaining exposure to leading companies.

Gao stated, “In response to strong client demand, we are expanding our lineup to include high-growth technology and innovation leaders, as well as market pioneers in consumer staples, financial, and healthcare sectors.”

He added that the new ETFs broaden the Yield Shares suite, providing more options for investors seeking monthly income and long-term growth opportunities.

The newly proposed ETFs promise to achieve long-term capital appreciation by purchasing and holding common stocks of the underlying companies, with the potential use of leverage through cash borrowing.

Additionally, the funds plan to generate distributions by writing covered call options and/or cash-covered put options on portions of their portfolios.

Among the new offerings, the Tech Innovators Yield Shares Purpose ETF stands out by providing exposure to a portfolio of global technology and innovation leaders.

Gao explained that the Yield Shares suite focuses on providing access to companies with strong fundamentals and growth potential.

He stated, “Whether in technology, consumer staples, financial services, or healthcare, our Yield Shares suite delivers a compelling mix of income and capital appreciation potential.” Gao added that the suite allows investors to participate in the performance of leading companies.