Purpose Cash Management Fund (MNY.TO)
Company overview
This actively managed fund primarily allocates its capital to premium corporate bonds that mature in a year or less. Its investment strategy aims to deliver significant income, safeguard principal, and maintain high liquidity. To a lesser degree, it also incorporates short-term debt instruments, such as treasury bills or obligations issued or guaranteed by Canadian governmental bodies and their agencies. The fund judiciously invests in bank-sponsored, asset-backed commercial paper to boost returns while consistently upholding strong credit quality. For additional revenue, it has the option to engage in securities lending and various repurchase agreements, including reverse repurchase transactions. This offering is tailored for investors desiring a highly liquid, short-term investment vehicle. Before August 23, 2022, this fund operated under the name Purpose Cash Management Portfolio.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Purpose Cash Management Fund (MNY.TO)
No price history available.
This actively managed fund primarily allocates its capital to premium corporate bonds that mature in a year or less. Its investment strategy aims to deliver significant income, safeguard principal, and maintain high liquidity. To a lesser degree, it also incorporates short-term debt instruments, such as treasury bills or obligations issued or guaranteed by Canadian governmental bodies and their agencies. The fund judiciously invests in bank-sponsored, asset-backed commercial paper to boost returns while consistently upholding strong credit quality. For additional revenue, it has the option to engage in securities lending and various repurchase agreements, including reverse repurchase transactions. This offering is tailored for investors desiring a highly liquid, short-term investment vehicle. Before August 23, 2022, this fund operated under the name Purpose Cash Management Portfolio.
Unlock all fundamental data
Sign up for FreeUnlock all fundamental data
Sign up for Free