Purpose Investments Inc. (“Purpose Investments” or “Purpose”) today announced that it will assume the role of investment advisor for Purpose Managed Duration Investment Grade Bond Fund (the “Fund”). The Fund will also be renamed Purpose Global Bond Class to more accurately reflect its mandate and structure. These changes will take effect on or about November 1, 2019.
The Fund will maintain its strategic focus on investment grade bonds but expand the scope of its fixed income investments. Going forward, the Fund intends to invest primarily in Purpose Global Bond Fund (“BND”), a fund sub-advised by Neuberger Berman Investment Advisers LLC. BND’s investment objective is to provide stable returns from global fixed income markets.
The Fund will also maintain its tax-efficient corporate class structure to help investors minimize the impact of taxes on their returns.
The Fund’s new name, Purpose Global Bond Class, reflects the expanded strategy and the retention of its corporate class structure.
About Purpose Investments
Purpose Investments is an asset management company with more than $7.5-billion in assets 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:
Purpose Investments Inc.
Tel: (877) 789-1517
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