MONTREAL, April 24,
2024 /CNW/ - Desjardins Investments Inc. ("DI"),
as manager of the Desjardins Funds, announces changes to its mutual
fund lineup. The changes, described in detail below, include
the replacement of the portfolio sub-manager, an amendment to the
investment strategies of the Desjardins Canadian Equity Value Fund
and a change of the name of the Fund. In addition, DI will proceed
with the capping of the Wise Fixed Income Portfolio.
DI regularly reviews its mutual fund's offer to ensure they
continue to meet the evolving investment needs of financial
advisors and investors.
Changes to the Desjardins Canadian
Equity Value Fund
DI announces the replacement the portfolio sub-manager, LSV
Asset Management, by Desjardins Global Asset Management Inc.
("DGAM"), the Portfolio Manager of the Desjardins Funds, who will
be responsible for the management of the portfolio assets of the
Fund.
In addition, DI approved changes to the investment strategies of
the Fund to better reflect the investment philosophy of DGAM as the
Portfolio Manager of the Fund. As a result of this change, the
assets of the Fund will be invested in securities reflecting the
high-conviction approach of DGAM. However, both the fundamental
investment objective and the risk rating of the Fund remain
unchanged.
The existing Desjardins Canadian Equity Value Fund will also be
renamed the Desjardins Canadian Equity Focused Fund in
connection with the above-mentioned changes to better reflect the
new investment strategies of the Fund.
These changes will take effect on or around June 3rd, 2024, subject to approval
from the regulatory authorities.
Capping of the Wise Fixed Income
Portfolio
DI announces that it will proceed with the capping of the Wise
Fixed Income Portfolio as of 4 p.m. (Eastern
Time) on April 26, 2024. The
Portfolio will therefore be closed to new investors and any
additional investment in units of the Portfolio, except for
investments made by periodic payments.
Holders of units of the Wise Fixed Income Portfolio can contact
their advisor to obtain additional information.
About Desjardins Investments
Inc.
Desjardins Investments Inc., manager of the Desjardins Funds, is
one of Canada's largest mutual
fund manufacturers, with $ 39.9
billion in assets under management as at December 31, 2023. DI offers a broad range of
investment funds to Canadian investors. In addition, DI is one of
the most committed actors in promoting and advancing responsible
investment in Canada.
About Desjardins Global Asset
Management (DGAM)
Established in 1998, Desjardins Global Asset Management (DGAM)
is one of Canada's largest asset
managers with in-house expertise in equity, fixed income and real
assets (infrastructure, real estate) across a variety of investment
vehicles. DGAM manages over $87
billion as of December 31,
2023, in institutional assets on behalf of insurance
companies, pension funds, endowment funds, non-profit organizations
and corporations across Canada.
With offices in Montreal,
Quebec City and Toronto, our team of over 80 investment
professionals uses a collaborative approach and combines
innovation, accessibility and discipline to design solutions
tailored to our clients' unique needs. We infuse our cooperative
values into our investment process to ensure we are helping our
partners and clients' assets grow in a sustainable and responsible
manner.
About Desjardins Group
Desjardins Group is the largest cooperative financial group
in North America and the fifth
largest cooperative financial group in the world, with assets of
$422.9 billion as at December 31, 2023. It was named one of the
World's Top Female-Friendly Companies by Forbes magazine. To meet
the diverse needs of its members and clients, Desjardins offers a
full range of products and services to individuals and businesses
through its extensive distribution network, online platforms and
subsidiaries across Canada. Ranked
among the world's strongest banks according to The Banker
magazine, Desjardins has one of the highest capital ratios and
credit ratings in the industry.
Desjardins Funds are not guaranteed, their value fluctuates
frequently and their past performance is not indicative of their
future returns. Commissions, trailing commissions, management fees
and expenses may all be associated with mutual fund investments.
Please read the prospectus before investing. Desjardins Funds are
offered by registered dealers.
Desjardins®, all trademarks containing the word Desjardins,
as well as related logos are trademarks of the Fédération des
caisses Desjardins du Québec, used under licence.
SOURCE Desjardins Group