The Purpose Healthcare Innovation Yield ETF is intended for clients with a medium risk tolerance
The ETFs, all classified as alternative mutual funds, began trading on the TSX on Tuesday
The new classes seek to offset emissions from crypto mining
In the long run, real stock returns have outpaced inflation around the world
One fund is being terminated and merged into an existing fund
The new fund is available in two mutual fund versions
Craig Basinger's team will join Purpose Investments next month
The partnership with HANetf offsets emissions from the fund's clean-energy holdings
The fund has characteristics of an annuity or pension, with monthly lifetime distributions when investors turn 65
The fund focuses on growth opportunities in the energy transition