MONTREAL, Jan. 24, 2019 /CNW Telbec/ - Desjardins Investments Inc. ("DI"), manager of the Desjardins Funds, announced the result of the unitholders meeting of the SocieTerra Growth Portfolio held January 23, 2019.
Changes to the investment objective
The unitholders of the SocieTerra Growth Portfolio approved the previously announced proposal to change the fund's investment objective, which will be as follows:
- The Portfolio is a strategic asset allocation fund.
Its objective is to achieve income as well as a long-term capital appreciation. The Portfolio invests in Canadian and foreign equity and fixed-income securities and/or in units of mutual funds which themselves invest primarily in Canadian or foreign equity and fixed-income securities. The Portfolio follows the responsible approach to investing described in the section on "Responsible Investing" in the first part of the Simplified Prospectus (Part A).
The changes to the investment objective are intended to increase the geographic diversification of the fund's investment portfolio. The new investment objective will allow to increase exposure to foreign investments to more than 50% of the portfolio. The changes will not, however, change the investment portfolio's target asset allocation between fixed-income and equity securities, which will remain at 40% and 60% respectively.
It is expected that the changes to the Portfolio's investment objectives will be made effective February 1st, 2019.
The Manager is not required to implement the changes announced and reserves the right to postpone implementation of the changes.
About Desjardins Group
Desjardins Group is the leading cooperative financial group in Canada and the fifth largest in the world, with assets of $295.3 billion. It has been rated one of Canada's Top 100 Employers by Mediacorp. 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. Ranked 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]