Desjardins Funds: Net Sales in November

Lévis (Québec), December 5, 2007 – Desjardins Group announces that net sales of Desjardins Funds accrued $40.5 million during the month of November 2007, bringing its total assets to $12.3 billion. This amount was also put forward by the Investment Funds Institute of Canada (IFIC) in its new report entitled Mutual Fund AUM and Net Sales by Funds Administration/Distribution Role. This report includes the assets of funds of funds and of co-branded funds.

Since the beginning of the year, Desjardins Funds accrued of $1.8 billion in net sales, which represents an increase of 71% over figures for the same period in 2006.

Furthermore, the changes brought to certain Desjardins Funds were approved by their unitholders during the month of November. These changes, conducted with the view of merging seven Desjardins Funds and of modifying the investment goal of two others, will come into effect around January 18, 2008.

About Desjardins Group

Desjardins Group is the largest integrated cooperative financial group in Canada, with overall assets of $147 billion, as at September 30, 2007. It comprises a network of caisses, credit unions and business centres in Québec and Ontario, and some twenty subsidiary companies in life and general insurance, securities brokerage, venture capital and asset management, many of which are active across the country. Drawing on the expertise of its 40,000 employees and the commitment of nearly 6,800 elected officers, Desjardins offers its 5.8 million individual and corporate members and clients a full range of financial products and services. Its physical distribution network is complemented by leading-edge virtual access methods.

- 30 -

Our press releases are available in format

Source (for journalists only):
André Chapleau
Director, Information and Media Relations
514-281-7229
or 1-866-866-7000, ext. 7229