New Age Alpha to Convert NAA Allocation Fund Into ETF
New Age Alpha plans to convert the NAA Allocation Fund from a mutual fund into the newly created NAA Allocation ETF, with the reorganization expected to close around December 4, 2026.
Purpose Investments has lowered the risk ratings of four Yield Shares ETFs following a periodic review under Canada’s standardized fund risk methodology. The Purpose Shopify (SHOP) Yield Shares ETF moves from High to Medium-to-High, while the Purpose Dollarama (DOL), Couche-Tard (ATD) and Brookfield (BN) Yield Shares ETFs each move from Medium-to-High to Medium. The changes took effect September 3 and do not reflect any changes to the funds’ investment objectives, strategies or management.
At a glance
- Beat
- Fund Updates
- Issuer
- Purpose Investments
- Region
- Canada
- Filed
- 3 September 2026
Source: Press Release
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