LEVIS, QC, Jan. 26 /CNW Telbec/ - The Fédération des caisses Desjardins
du Québec, manager of the Desjardins Funds family, has announced the launching
of the new Desjardins Dividend Growth Fund. The new Fund aims to combine tax
efficiency with the lesser volatility provided by high dividend stock.
The goal of the new Desjardins Dividend Growth Fund is to generate income
and provide capital growth. The composition of its portfolio is distinctive,
in that it is solely comprised of common stock. Added to the selection of
Canadian equity funds, the new Fund can also hold a maximum of 30% in foreign
equity. As a general rule, this portion will be acquired in industrial sectors
that are less clearly represented on the Canadian stock exchange. Note that
its benchmark index is the S&P/TSX composite index.
The management of the Desjardins Dividend Growth Fund has been entrusted
to Jarislowsky Fraser, a firm known for its prudent management approach. This
new partner of the Desjardins Funds family will aim at maintaining 50 to 60
securities, the vast majority of which will be noncyclical large-cap stock, or
"Its management approach is focussed on fundamental research, and the
selection of securities is much more important than the portfolio's
sector-based asset allocation," explained Denis Dion, Products
Manager/Canadian Equity at the Fédération des caisses Desjardins du Québec.
Reputed to be a patient investor, the firm acquires securities with a view to
maintaining them on a long-term basis. Thus, the resulting low turnover rate
will increase the portfolios' tax efficiency.
Like Desjardins, the experts at Jarislowsky Fraser believe in the
importance of stable absolute returns. In an effort to secure the investors'
capital, the portfolio manager opts for securities that are less cyclical than
the average stock. Desjardins members and clients can therefore expect yields
that are higher during market slumps, but less spectacular when the markets
enjoy an upsurge.
About Desjardins Funds
With some $10 billion in assets, the Desjardins Funds are among the
important mutual fund families in Canada. Whether bought individually or
through a Diapason or Chorus asset allocation portfolio, Desjardins Funds are
investment products that meet the requirements, expectations and needs of
Desjardins members and clients so as to provide security and growth to their
About Desjardins Group
Desjardins Group is the largest cooperative financial group in Canada,
with overall assets of $150 billion, as at September 30, 2008. 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 more than 6,500 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
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,