Eight new corporate class funds
LÉVIS, QC, April 14, 2014 /CNW Telbec/ - Desjardins launches eight new
corporate class funds offering exposure to Canadian, U.S.,
international and emerging markets opportunities. With the introduction
of these new funds, Desjardins expands its suite of offerings for
investors seeking tax-efficient investment solutions.
"We launched the Chorus II Corporate Class Portfolios in November 2011
and by 2013 they accounted for nearly 50% of purchases in Chorus II
portfolios, which are also available as mutual fund trusts for
registered assets. What motivated us to launch the eight new corporate
class funds was our drive to meet the needs of our taxable investors
who were looking for a tax-smart way to save and invest outside their
registered plans," explains Luc Caron, Director of Mutual Fund
Development, Desjardins Group.
The benefit of a corporate class is that it allows you to mitigate or
eliminate the tax implications of switching between portfolios or funds
held within the same corporate class structure. Furthermore, this legal
structure, as opposed to a trust structure, pays income in the form of
dividends and capital gains which are types of income that receive
favourable tax treatment.
Visit www.desjardinsfunds.com to learn more about our eight new corporate class funds.
Canadian Equity Funds
American Equity Funds
Global and International Equity Funds
About Desjardins Group
Desjardins Group is the leading cooperative financial group in Canada and the fifth
largest cooperative financial group in the world with assets of $212
billion. It has been rated one of Canada's top 100 employers by
Mediacorp Canada. 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. The group has one of the
highest capital ratios and credit ratings in the industry. It is considered as the fourth safest and strongest
bank in North America according to Global Finance magazine and Bloomberg News respectively.
SOURCE: Desjardins Group
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