Purpose Canadian Financial Income Fund (BNC.TO) TSX

Currency In CAD

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Purpose Canadian Financial Income Fund

Address

130 Adelaide Street West, Suite 3100

Toronto, ON M5H 3P5

Canada

Phone

1-877-789-1517

Sector

Financial Services

Industry

Asset Management - Income

Employees

N/A

First IPO Date

November 23, 2016

Key Executives

N/A
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Description

This fund endeavors to achieve enduring capital growth and consistent monthly income. It primarily invests in Canadian financial sector companies, allocating up to 70% of its assets to banks and up to 30% to insurance firms, with holdings in each category weighted equally. To augment overall returns, improve dividend generation, and temper portfolio volatility, the fund will strategically implement covered call options. Additionally, it may leverage derivative instruments to meet its investment targets and could participate in short selling or securities lending activities to secure extra revenue.

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