Purpose Launches High Interest Savings ETF


    Purpose Investments Inc. has launched a high interest savings ETF which is trading on the Toronto Stock Exchange. The fund seeks to maximize monthly income while preserving capital and liquidity. It invests substantially all of its assets in high interest deposit accounts with one or more chartered banks and/or Canadian credit unions, providing investors with greater yield than traditional money market funds. “Our goal at Purpose is to give the highest quality, low cost investment funds for Canadians” says Som Seif, president and CEO at Purpose. “The Purpose High Interest Savings ETF offers a better rate of interest than many money market funds, while offering the safety and security of a savings account.”