MONTREAL, Nov. 28, 2017 /CNW Telbec/ - Desjardins Investments Inc. ("DI"), manager of the Desjardins Corporate Class Funds, is announcing that it has completed the closure of some of these funds, as previously announced September 7, 2017. This measure is due in part to the fact that in 2016, the federal government put an end to the Corporate Class Funds' main advantages, such as asset transfers from one fund to another without tax consequences and tax deferrals.
Here is a list of the Desjardins Corporate Class Funds that are affected:
Desjardins Money Market Corporate Class
Desjardins Canadian Preferred Share Corporate Class
Desjardins Dividend Growth Corporate Class
Desjardins Canadian Equity Income Corporate Class
Desjardins IBrix Canadian High Dividend Equity Corporate Class
Desjardins IBrix Canadian Equity Focus Corporate Class
Desjardins Canadian Equity Value Corporate Class
Desjardins Canadian Equity Growth Corporate Class
Desjardins American Equity Growth Corporate Class
Desjardins American Equity Growth Currency Neutral Corporate Class
Desjardins Overseas Equity Growth Corporate Class
Desjardins Global Equity Growth Corporate Class
Desjardins Global Small Cap Equity Corporate Class
Desjardins Emerging Markets Opportunities Corporate Class
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 $276.3 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.
Desjardins Funds are not guaranteed, their value fluctuates frequently and their past performance is not indicative of their future returns. Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus before investing. Desjardins Funds are offered by registered dealers.
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, [email protected]