TORONTO, Feb. 18 10, 2022 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) today announced that it has changed the risk rating of Black Diamond Global Equity Fund (the “Fund”) from “low to medium” to “medium. “. This change is the result of the risk rating methodology imposed by the Canadian Securities Administrators and the periodic review by Purpose to determine the level of risk of its mutual funds offered to the public.
No material changes have therefore been made to the investment objective, strategies or management of the Fund. The change in risk rating will be reflected in amendments to the Fund’s offering documents, which will be completed in accordance with applicable securities laws.
About Purpose Investments
Purpose Investments is an asset management company with approximately $14 billion under management. Purpose Investments has a relentless focus on client-centric innovation and offers a range of results-driven products. Purpose Investments is led by renowned entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-focused financial services company.
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