Desjardins Launches Initial Suite of Seven Exchange Traded Funds

MONTREAL, April 3, 2017 /CNW Telbec/ - Desjardins Global Asset Management Inc. (DGAM), acting as manager and portfolio advisor of the Desjardins Exchange Traded Funds (ETFs), announces the launch of seven exchange traded funds. Each of the Desjardins ETFs listed in the table below has closed the initial offering of units, and those units will begin trading on the Toronto Stock Exchange (TSX) today. Two more Desjardins ETFs, Desjardins Developed ex-USA ex-Canada Multifactor-Controlled Volatility ETF and Desjardins Emerging Markets Multifactor-Controlled Volatility ETF, are also anticipated to commence trading thereafter during the second quarter of 2017.

"The launch of the Desjardins ETFs represents the next step in the evolution of our offering of global investment solutions. The full suite of Desjardins ETFs include four fixed income funds, one preferred share fund and four multifactor-controlled volatility funds that take into account the analysis of six factors" says Nicolas Richard, Chief Executive Officer of DGAM.

DGAM can count on teams of specialists operating in several asset classes and stands out for its innovation and rigor. Mr. Richard states that the launch of three categories of ETF allows DGAM to increasingly diversify its offerings and to meet the evolving needs of its clients and partners through securities traded on the stock markets.

Here is a list of the seven Desjardins ETFs that will commence trading on the TSX today, as well as their corresponding ticker symbols and management fees:

 

Exchange Traded Funds (ETF)

Ticker Symbols(TSX)

Management Fees1

Desjardins Canadian Fixed Income ETFs



Desjardins Canadian Universe Bond Index ETF

DCU

0.10 %

Desjardins Canadian Short Term Bond Index ETF

DCS

0.15 %

Desjardins 1-5 year Laddered Canadian Corporate Bond Index ETF

DCC

0.25 %

Desjardins 1-5 year Laddered Canadian Government Bond Index ETF

DCG

0.20 %


Desjardins Canadian Preferred Share ETF



Desjardins Canadian Preferred Share Index ETF

DCP

0.45 %


Desjardins Multifactor-Controlled Volatility ETFs



Desjardins Canada Multifactor-Controlled Volatility ETF

DFC

0.50 %

Desjardins USA Multifactor-Controlled Volatility ETF

DFU

0.50 %

1The annual management fees are based on a percentage of the net asset value of the corresponding Desjardins ETF, and are calculated daily and payable monthly in arrears, plus applicable taxes.

 

Desjardins Canadian Universe Bond Index ETF (Ticker TSX: DCU) The Fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of a broad Canadian bond index. Currently, the Fund seeks to replicate the performance of the Solactive Canadian Bond Universe TR Index, net of fees and expenses. Under normal market conditions, the Fund will primarily invest in Canadian investment-grade fixed income securities issued in the Canadian market, including government, quasi-government and corporate bonds.

Desjardins Canadian Short Term Bond Index ETF (Ticker TSX: DCS) The Fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of a broad Canadian bond index with a short-term average maturity. Currently, the Fund seeks to replicate the performance of the Solactive Short-Term Canadian Bond Universe TR Index, net of fees and expenses. Under normal market conditions, the Fund will primarily invest in short-term Canadian investment-grade fixed income securities issued in the Canadian market, including government, quasi-government and corporate short term bonds.

Desjardins 1-5 year Laddered Canadian Corporate Bond Index ETF (Ticker TSX: DCC) The Fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of a diversified short term Canadian corporate bond index, which Index is divided into five groupings with staggered maturities. Currently, the Fund seeks to replicate the performance of the Solactive 1-5 Year Laddered Canadian Corporate Bond TR Index, net of fees and expenses. Under normal market conditions, the Fund invests primarily in corporate bonds issued in the Canadian market, with an effective term to maturity between one and six years.

Desjardins 1-5 year Laddered Canadian Government Bond Index ETF (Ticker TSX: DCG) The Fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of a selected short term Canadian government bond index, which Index is divided into five groupings with staggered maturities. Currently, the Fund seeks to replicate the performance of the Solactive 1-5 Year Laddered Canadian Government Bond TR Index, net of fees and expenses. Under normal market conditions, the Fund will primarily invest in investment-grade government bonds issued in the Canadian market, with an effective term to maturity between one and six years.

Desjardins Canadian Preferred Share Index ETF (Ticker TSX: DCP) The Fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of a Canadian preferred shares index. Currently, the Fund seeks to replicate the performance of the Solactive Canadian Rate Reset Preferred Share TR Index, net of fees and expenses. Under normal market conditions, the Fund will primarily invest in preferred shares listed on the TSX.

Desjardins Canada Multifactor-Controlled Volatility ETF (Ticker TSX: DFC) The Fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of a Canadian multifactor-controlled volatility equity index. Currently, the Fund seeks to replicate the performance of the Scientific Beta Canada Multifactor-Controlled Volatility Index, net of fees and expenses. Under normal market conditions, the Fund will primarily invest in Canadian equity securities.

Desjardins USA Multifactor-Controlled Volatility ETF (Ticker TSX: DFU) The Fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of a U.S. multifactor-controlled volatility equity index. Currently, the Fund seeks to replicate the performance of the Scientific Beta USA Multifactor-Controlled Volatility Index, net of fees and expenses. Under normal market conditions, the Fund will primarily invest in U.S. equity securities.

To obtain additional information about the Desjardins ETFs, visit the manager's website at www.desjardinsETF.com.


About Desjardins Group
Desjardins Group is the leading cooperative financial group in Canada and the sixth largest cooperative financial group in the world, with assets close to $260 billion. It has been rated one of the Best Employers in Canada by Aon Hewitt. 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. Counted among the world's strongest banks according to The Banker magazine, Desjardins has one of the highest capital ratios and credit ratings in the industry.

The Desjardins Exchange Traded Funds are not guaranteed, their value fluctuates frequently and their past performance is not indicative of their future returns. Commissions, management fees and expenses all may be associated with an investment in exchange traded funds. Please read the prospectus before investing. Desjardins Global Asset Management Inc.  is the manager and portfolio manager of the Desjardins Exchange Traded Funds. The Desjardins Exchange Traded Funds are offered by registered dealers.

Index Disclaimers

The Desjardins Canadian Fixed Income ETFs and the Desjardins Canadian Preferred Share ETF are not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Indices and Indices trade mark or the Indices Prices at any time or in any other respect. The Indices are calculated and published by Solactive AG.  Solactive AG uses its best efforts to ensure that the Indices are calculated correctly. Irrespective of its obligations towards the DGAM or the Desjardins ETFs, Solactive AG has no obligation to point out errors in the Indices to third parties including but not limited to investors and financial intermediaries of the Desjardins ETFs. Neither publication of the Indices by Solactive AG nor the licensing of the Indices or Indices trade mark for the purpose of use in connection with the Desjardins Canadian Fixed Income ETFs and the Desjardins Canadian Preferred Share ETF constitutes a recommendation by Solactive AG to invest capital in said investment products nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in these Desjardins ETFs.

The Scientific Beta Multifactor-Controlled Volatility Indices are the intellectual property (including registered trademarks) of EDHEC Risk Institute Asia Ltd and/or its licensors, which is used under license within the framework of ERI Scientific Beta activity. The Desjardins Multifactor-Controlled Volatility ETFs that replicate fully or partially the Scientific Beta Multifactor-Controlled Volatility Indices are not sponsored, endorsed, sold or promoted by EDHEC Risk Institute Asia Ltd and its licensors and neither EDHEC Risk Institute ASIA Ltd nor its licensors shall have any liability with respect thereto.

 

SOURCE Desjardins Group

For further information: (media inquiries only): Jacques Bouchard, Public relations, Desjardins Group, 514-281-0844 or 1-866-866-7000, ext. 5557940, media@desjardins.com

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