Home Breadcrumb caret Industry News Breadcrumb caret Industry Purpose launches fund designed for downside protection The fund uses an actively managed derivatives-based strategy By Maddie Johnson | April 14, 2020 | Last updated on April 14, 2020 1 min read 123RF Toronto-based Purpose Investments Inc. announced the launch of the Purpose Structured Equity Yield Portfolio II on Tuesday. The new fund offers a diverse portfolio that aims to generate high income with a low correlation to broad equity markets, a release said. It’s designed to replicate the outcome of several structured notes using an actively managed derivatives-based strategy, coupling downside protection with a tax-efficient yield. “Given the recent turbulence in the markets, we want to give investors the ability to access a product with the appropriate levels of contingent downside protection for the current environment,” said Som Seif, founder and CEO of Purpose Investments. The new offering is available now as Series F and Series A mutual funds. Maddie Johnson Maddie is a freelance writer and editor who has been reporting for Advisor.ca since 2019. Save Stroke 1 Print Group 8 Share LI logo