MONTREAL, June 30, 2020 /CNW Telbec/ - Desjardins Investments Inc. ("DI"), the manager of the Desjardins Funds, today announced that starting on September 30, 2020, the Melodia and SocieTerra Portfolios (the "Portfolios") may start using derivative instruments. DI expects this added flexibility in their investment strategies can help the Portfolios reach their investment objective.
Use of Derivative Instruments
DI announces that the Portfolios may adopt investment strategies using derivative instruments. More specifically, the Portfolios may use derivatives for both hedging and non-hedging purposes. They may use various derivative instruments to reduce their global risk or to improve their return. The Portfolios may use various derivatives such as options, forwards, futures contracts and swaps for the purposes of hedging against losses incurred by fluctuations in securities values or exchange rates. They may also use derivatives for non-hedging purposes to gain an exposure to or as a substitute for a security, region or sector, to reduce transaction costs or to provide enhanced liquidity. Derivatives will only be used by the Portfolios in accordance with the requirements of the securities regulations.
These changes will be effective on September 30, 2020 and reflect DI's commitment to offer evolved investment solutions.
Here is a list of the concerned Portfolios:
Funds |
Melodia Very Conservative Income Portfolio |
Melodia Conservative Income Portfolio |
Melodia Moderate Income Portfolio |
Melodia Diversified Income Portfolio |
Melodia Moderate Growth Portfolio |
Melodia Diversified Growth Portfolio |
Melodia Balanced Growth Portfolio |
Melodia Aggressive Growth Portfolio |
Melodia Maximum Growth Portfolio |
Melodia 100% Equity Growth Portfolio |
SocieTerra Conservative Portfolio |
SocieTerra Balanced Portfolio |
SocieTerra Growth Portfolio |
SocieTerra Maximum Growth Portfolio |
SocieTerra 100% Equity Portfolio |
The SocieTerra Moderate Portfolio is not concerned by these changes as it may use derivative instruments since its creation.
DI reserves the right to defer the implementation of the changes described above.
About Desjardins Investments Inc.
Desjardins Investments Inc., manager of the Desjardins Funds, is one of Canada's largest mutual fund manufacturers, with $ 34.1 billion in assets under management. DI offers a broad range of investment funds to Canadian investors and stands out in the industry, among others, through its world-renowned portfolio managers representing more than 20 asset management companies around the world. In addition, DI is one of the most committed actors in promoting and advancing responsible investment in Canada.
About Desjardins Group
Desjardins Group is the leading cooperative financial group in Canada and the sixth largest in the world, with assets of $326.9 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
(media inquiries only): Public Relations, Desjardins Group, 514-281-7000 or 1-866-866-7000, ext. 5553436, [email protected]
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