Purpose Investments corrects risk ratings for 16 funds, ranging from low to high

From GlobeNewswire: 2024-09-06 17:30:00

Purpose Investments Inc. announced changes to the risk ratings for 16 public investment funds under its management, following a review that revealed incorrect ratings. The new risk ratings range from low to high, affecting various funds such as Purpose Global Bond Class and StoneCastle Equity Growth Fund. There are no changes to the investment objectives or strategies of the Funds, and the updates will be reflected in their respective documents. Purpose Investments has updated its internal communication protocols to ensure accuracy. The company manages approximately $20 billion in assets and is focused on client-centric innovation.



Read more at GlobeNewswire: Purpose Announces Corrections to Risk Ratings for Certain