Purpose Investments has added to its suite of fund-linked structured products by introducing the Purpose Structured Equity Yield Plus Portfolio (PSY Plus) to aid investors in tackling market uncertainty.
The fund is currently available in two mutual fund versions, Series F (management fee of 0.65%) and Series A (management fee of 1.65%). It builds on the positive reception of the firm’s previous first-of-their-kind funds Purpose Structured Equity Yield Portfolio (PSY) and Purpose Structured Equity Yield Portfolio II (PSY II). PSY Plus employs derivative-based strategies linked to North American and global equities to deliver attractive alternatives to traditional fixed income and equity p