Montreal, September 1st, 2022 – Desjardins Investments Inc. ("DI"), the manager of the Desjardins Funds, today announced changes to its mutual funds. The changes, described in detail below, concern the introduction of new class units for certain funds, an increase in the capped percentage certain funds may invest in foreign securities and management fee reductions. DI regularly reviews its mutual fund's offer to ensure they continue to meet the evolving investment needs of financial advisors and investors.
Introduction of New Class Units
DI has announced that, on October 3rd, 2022, it will launch new class units for the Desjardins Canadian Equity Fund and the Desjardins International Equity Value Fund, as described below.
The addition of new class units to the Desjardins International Equity Value Fund will enrich the range of the Desjardins Funds and thus completing the international equity funds offerings for our members and clients.
Increase in Foreign Securities Investments
DI announced that, effective October 1st, 2022, it intends to change the investment strategies of the Desjardins Dividend Income Fund and the Desjardins Canadian Equity Income Fund. More specifically, it intends to increase the percentage limit each Fund may invest in foreign securities, as described below. These increases will allow the Desjardins Dividend Income Fund and the Desjardins Canadian Equity Income Fund to increase their exposure to sectors and securities less present in Canada proportionately and thus would improve the diversification of the above-mentioned funds for our members and clients.
Management Fee Reductions for 25 Desjardins Funds
DI announced that it will be reducing management fees by up to 18 basis points for some unit classes of 25 Desjardins Funds, effective October 1st, 2022. These changes reflect DI's commitment to offering competitively priced actively managed investment funds with access to world-class portfolio managers.
Below is the list of the unit classes of the Desjardins Funds that are affected:
The above-mentioned changes are subject to regulatory approval. DI reserves the right to defer implementation of said changes to a later date.
For further information (media inquiries only):
514-281-7000 or 1-866-866-7000. ext. 5553436