LEVIS, QC, Jan. 8 /CNW Telbec/ - Desjardins Group announces that
Desjardins Funds have set a new record in 2007 with net sales reaching
$1.9 billion, which represents an increase of 63% over figures for 2006 and
brings the total assets to $12.2 billion. This amount was also put forward by
the Investment Funds Institute of Canada (IFIC) in its 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.
Note that 2008 rolls in with changes brought to certain Desjardins Funds.
Coming into effect during the month of January, these changes are the result
of a comprehensive analysis of our range of funds, and are in keeping with the
growth dynamics that have made Desjardins the Québec leader in investment
funds. "All of the decisions stemming from our revision meet the fundamental
objectives that are maximized return potential, diversified management styles,
reduced management costs, and enhanced tax benefits," stated Marc Dubuc,
Vice-President, Marketing, Desjardins Funds.
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. To find out
more, consult www.desjardins.com.
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For further information:
For further information: (for media only): André Chapleau, Director,
Information and Media Relations, (514) 281-7229, 1 866 866-7000, ext. 7229,