Canadian asset manager Purpose Investments is seeking to build on the success of the first offering that became available in October 2019.

The Purpose Structured Equity Yield Portfolio II replicates the outcome of an entire portfolio of income-oriented structured notes into a single fund solution with no maturity. According to Jason Chen (pictured) , a portfolio manager at Purpose Investments, the fund provides an attractive long-term net yield target of six percent for the F-Class series with the opportunity to capitalise on yields of up to 10%, continued to be paid as return of capital (ROC). “We use an actively managed deriva

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