gtag('config', 'G-0PFHD683JR');
Markets

Purpose Investments announces the filing of a preliminary prospectus for 8 new ETFs

TORONTO, January 26, 2025 (Globe Newswire) – Gorse Investments (“Purpose Investments”) is pleased to announce that it has filed and received a preliminary prospectus with Canadian securities regulators for the launch of eight new yield-focused ETFs. Each of the ETFs is a class of Force Fund Corp shares.

The new yield ETFs are:

Costco (Cost) Shares Purpose Stock ETF
Palantir (PLTR) Worth Stock Purpose ETF
UnitedHealth (United Nations) Worth Purpose Stock ETF
JPMorgan (JPM) Yield Stock Purpose ETF
Coinbase (COIN) Stock Return Purpose ETF
Netflix (NFLX) Yield Stock Purpose ETF
Broadcom Return (AVGO) Stock Purpose ETF
Technology innovators produce the Purpose Stock ETF

Each ETF seeks to provide shareholders with (1) long-term capital appreciation through the purchase and transaction of common stock of an underlying company, including the use of leverage by borrowing cash to purchase common stock of the underlying company, and (2) distributions via covered writing options. Calls and/or cash covered put options on a portion of the Fund’s portfolio.

Technology Innovators Give Stocks The purpose of the ETF intends to provide investors with long-term capital appreciation by investing primarily in a portfolio of leading technology and innovation-driven companies while generating income by writing covered call options and/or funds covered by options. Place it on part of the clipboard. Subject to applicable law, an ETF may also invest in underlying funds (including purpose-managed ETFs) in order to achieve its investment objective.

About Purpose Investments Inc.

Purpose Investments is an asset management firm with more than $23 billion in assets under management. Purpose Investments places an emphasis 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 firm.

For more information, please contact:
Keira Hart
keera.hart@kaiserpartners.com
905-580-1257

A preliminary simplified prospectus relating to ETF authorizations (the “Preliminary Prospectus”) has been filed with the Canadian securities commissions or similar authorities. You cannot purchase shares of ETFs until the relevant securities commissions or similar authorities issue receipts for the final prospectus of the fund designs. Important information about ETFs is contained in the prospectus prospectus. Copies of the preliminary prospectus may be obtained from Purpose or at www.purposeinvest.com.

Commissions, trailing commissions, management fees, and expenses may all be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed; Their values ​​change frequently, and past performance may not be repeated.


Basic logo

Market news and data brought to you by Benzinga APIs

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button