Purpose Investments has launched two international funds. They are the Purpose International Dividend Fund and Purpose International Tactical Hedged Equity Fund.
The funds will start trading today, with the dividend fund trading under the ticker symbol PID, and the tactical hedged equity fund trading under the ticker symbol PHW.
The dividend fund invests in international companies that have the capacity to pay and grow their dividends. Its portfolio consists of international issuers outside of the U.S. and Canada.
Meanwhile, the tactical hedged equity fund aims for global market returns but also substantially less market volatility. It achieves this though investing in but hedging the risk of international markets, such as Japan, the U.K., the Eurozone, Switzerland, Australia and the Netherlands.