Purpose Best Ideas Fund (PBI.TO) TSX

54.26

-0.47(-0.86%)

Updated at June 02 12:04PM

Currency In CAD

Purpose Best Ideas Fund

Address

130 Adelaide Street West, Suite 3100

Toronto, ON M5H 3P5

Canada

Phone

1-877-789-1517

Sector

Financial Services

Industry

Asset Management

Employees

N/A

First IPO Date

April 29, 2014

Key Executives

N/A

Description

The fund seeks to provide long-term capital appreciation by investing in a portfolio of equities listed on North American exchanges selected by some of the worlds most renowned investment managers, as reported through their public filings. These managers are among the most respected in the industry and have exhibited outstanding historical performance records. The fund may use derivatives in order to further meet its investment objectives, and may also engage in short selling or other securities lending transactions to generate additional income. Portfolio holdings are reconstituted and rebalanced on a quarterly basis.