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Purpose Best Ideas Fund
PBI (Purpose Best Ideas Fund) is an active Canadian Equity ETF by Purpose. With a 0.65% MER, it provides diversified exposure.
PBI is actively managed by Purpose's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.65% MER, its fees are in line with category averages. It does not pay a significant distribution — returns are reinvested for capital growth.
It can be held in a TFSA, RRSP, or non-registered account depending on your investment strategy.