TORONTO, Sept. 24, 2019 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) announced today that, effective as of September 25, 2019 (the “Effective Date”), FNB Capital Asset Management Inc. will no longer act as sub-advisor of Purpose Global Diversified ETF Fund (the “Fund”).  Purpose will remain as the portfolio advisor and, as of the Effective Date, will have the sole responsibility for managing the investment portfolio of the Fund.

There will be no material changes to the investment objectives or strategies of the Fund as a result of such change.

About Purpose Investments Inc.

Purpose Investments is an asset management company with more than $7-billion under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.

For further information please contact:

Matt Padanyi
Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.com

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.

This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not for dissemination in the United States or for distribution to U.S. news wire services.