TORONTO, April 02, 2018 (GLOBE NEWSWIRE) --
Purpose Investments Inc. ("Purpose") is pleased to announce that effective March 31, 2018, Purpose has amalgamated with its wholly-owned subsidiary, Redwood Asset Management Inc. The amalgamated entity will continue as Purpose Investments Inc.
Purpose is making this move to take advantage of operational efficiencies, to simplify its corporate structure and governance, as well as to strengthen the Purpose brand. There will be no changes to the daily operations of the business.
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 $4.9 billion in assets under management and currently offers 50 exchange traded funds and mutual funds and 16 closed-end funds across multiple asset classes and both traditional and alternative investment strategies.
For further information concerning this press release, please contact:
Purpose Investments Inc.
Source:Purpose Investments Inc.