MONTRÉAL, May 28, 2015 /CNW Telbec/ - Desjardins Investments Inc., manager of the Desjardins Funds (the "Manager"), announced the results of the unitholder meeting of the Desjardins Environment Fund (the "Fund") held May 27, 2015.
The unitholders of the Fund have approved the previously announced proposal to amend the Fund's investment objective. The Fund's investment objective will now be the following:
- The objective of this Fund is to provide a long-term capital appreciation by investing primarily in equity and equity-related securities of companies located everywhere in the world, including emerging markets.
The Fund follows the responsible approach to investing by emphasizing environmental factors.
Once this investment objective is changed, the Fund will be renamed Desjardins SocieTerra Environment Fund. What is more, Desjardins Global Asset Management Inc. will be responsible for managing the Fund's securities portfolio.
The changes to the investment objective, name and portfolio management are expected to take effect on or about June 8, 2015.
The Manager reserves the right to postpone to a later date the implementation of these changes, or one or several among them, or to not effect such changes.
Created in 1990, the Desjardins Environment Fund was the first responsible investment mutual fund in Québec, and the second in Canada.
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 over $254 billion. It has been rated one of the 50 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. The group has one of the highest capital ratios and credit ratings in the industry. In 2014, Desjardins was named the fourth safest bank in North America by Global Finance magazine and the second strongest bank in the world by Bloomberg News.
SOURCE Desjardins Group
For further information: For journalists only : Richard Lacasse, Public Relations, Desjardins Group, 418 835-8444 or 1 866 835-8444, ext. 3163, [email protected]; For investors : Investors Service, 1 866 666-1280