Purpose floats ETF series of its structured equity yield fund

Toronto-based asset management firm Purpose Investments (Purpose) has listed a new exchange-traded fund (ETF) series of the Purpose Structure Equity Yield Fund (PSY) on the Toronto Stock Exchange, in what it describes as ‘first of its kind ETF series in Canada.’ The fund will use derivative-based strategy  The ETF will provide investors with exposure to a broad portfolio of North American and global securities through an actively managed strategy to generate income with cont