MONTREAL, Aug. 23, 2017 /CNW Telbec/ - Desjardins Investments Inc. ("DI"), the manager of the Desjardins Funds, announces changes to the portfolio management of the Desjardins Canadian Equity Growth Fund.
Desjardins Global Asset Management Inc. ("DGAM") will now act as portfolio manager responsible for the active management of the Fund's portfolio. DI has also approved changes to the Fund's, as well as to Desjardins Canadian Equity Growth Corporate Class', investment strategies, in line with DGAM's investment philosophy. However, the Funds investment objectives remain unchanged. These changes will come into effect on or about September 11, 2017.
The changes are subject to approval by regulatory authorities. DI reserves the right to defer the implementation of the changes described above.
Funds' securities sales suspended
Starting on September 7, 2017, all additional investments in securities of the aforementioned Funds will be suspended, except for automatic-deposit investments made by existing securities holders of the Desjardins Canadian Equity Growth Fund.
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 of $272 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]