Canadian manager rolls out fund tracking income-oriented autocalls

The Purpose Structured Equity Yield Portfolio II replicates the outcome of an entire portfolio of income-oriented structured notes into a single fund solution with no maturity. According to Jason Chen (pictured) , a portfolio manager at Purpose Investments, the fund provides an attractive long-term net yield target of six percent for the F-Class series with the opportunity to capitalise on yields of up to 10%, continued to be paid as return of capital (ROC). “We use an actively managed deriva