TORONTO, Oct.  25, 2017  (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) today announced changes to the risk rating of two of its funds effective immediately.

These changes are the result of the implementation of the standardized risk classification methodology required by recent amendment to National Instrument 81-102 – Investment Funds and are not a result of any changes to the investment objectives, strategies or management of the funds.

Fund  Current  New Purpose Tactical Investment Grade Bond Fund                         
(TSX: BND)Low to MediumLowPurpose Conservative Income Fund 
 (TSX: PRP)Low to MediumLow

Please consult your advisor and read the simplified prospectus, Fund Facts and/or ETF Facts of the applicable fund before investing.

About Purpose Investments Inc.

Purpose is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees. Purpose believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors. Purpose has over $3.5 billion in assets under management and currently offers 35 exchange traded funds and mutual funds and 7 closed-end funds across multiple asset classes and both traditional and alternative investment strategies.

For further information, please contact:

Nancy Turner
Purpose Investments Inc. 
Tel: (877) 789-1517 
Email: [email protected]

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.