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Desjardins brings a number of changes to its fund range

by

Mathieu Carbasse

24 August 2017 11:30

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Desjardins Société de placement (DSP), the manager of Desjardins Funds, has recently announced changes to the portfolio management of the Fund Desjardins canadian Equity growth. Desjardins global asset Management (DGAM) will serve now as a portfolio manager in charge of the active management of the portfolio of the fund.

In addition, dph has approved changes to the investment strategies of the fund, as well as those of the corporate Class Desjardins canadian Equity growth, to reflect the investment philosophy of DGAM.

Investment objectives unchanged

The investment objectives of the Funds, however, remain unchanged. Made subject to the approval of the regulatory authorities, these changes will take effect September 11, 2017. As of September 7, 2017, the additional investments in the securities of the Funds listed above, will be suspended, with the exception of investments by periodic payments of the holders of securities in the current Fund Desjardins canadian Equity growth.

Reduction of management costs of some ETFS

In addition, DGAM, acting as manager and portfolio manager of exchange-traded funds (ETFS) Desjardins, has announced a reduction of the management fees of some funds. These reductions will take effect from 23 August 2017.

And the costs of management of the fund ETF Desjardins Index of canadian bonds short-term pass of 0.15 to 0.09 %. The costs of management of the fund ETF Desjardins Index canadian bonds-government staggered 1-5 year olds spend parts of them from 0.20 to 0.15 %.

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