MONTREAL, March 16, 2017 /CNW Telbec/ - Desjardins Investments Inc., the manager of the Desjardins Funds, announced that it will reduce the risk level for a number of Desjardins Funds. These changes are announced following the introduction by the Canadian Securities Administrators (CSA) of a new methodology to classify the funds risk. These reductions will become effective on March 31, 2017.
Here is a list of the concerned Desjardins Funds:
| Funds |
Actual Risk Level |
Revised Risk Level |
| Desjardins SocieTerra Environmental Bond Fund |
Low to medium |
Low |
| Desjardins Global Corporate Bond Fund |
Low to medium |
Low |
| Desjardins Emerging Markets Bond Fund |
Medium |
Low to medium |
| Desjardins IBrix Low Volatility Global Equity Fund |
Medium |
Low to medium |
| Desjardins Global Small Cap Equity Fund |
Medium to high |
Medium |
| Desjardins IBrix Low Volatility Emerging Markets Fund |
High |
Medium |
| Desjardins Emerging Markets Fund |
High |
Medium to high |
| Desjardins Emerging Markets Opportunities Fund |
High |
Medium to high |
| Desjardins Global Infrastructure Fund |
Medium to high |
Medium |
| Melodia Moderate Income Portfolio |
Low to medium |
Low |
| Melodia Moderate Growth Portfolio |
Low to medium |
Low |
| Chorus II Moderate Low Volatility Portfolio (previously Chorus II Balanced Income Portfolio) |
Low to medium |
Low |
| Chorus II Dynamic Growth Portfolio (previously Chorus II High Growth Portfolio) |
Medium |
Low to medium |
| Desjardins Global Small Cap Equity Corporate Class |
Medium to high |
Medium |
| Desjardins Emerging Markets Opportunities Corporate Class |
High |
Medium to high |
| Chorus II Corporate Class Moderate Low Volatility Portfolio (previously Chorus II Corporate Class Balanced Income Portfolio) |
Low to medium |
Low |
| Chorus II Corporate Class Dynamic Growth Portfolio (previously Chorus II Corporate Class High Growth Portfolio) |
Medium |
Low to medium |
The changes are subject to approval by regulatory authorities. Desjardins Investments reserves the right to defer the implementation of the changes described above.
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 close to $260 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
(media inquiries only): Richard Lacasse, spokesperson, Public relations, Desjardins Group, 418-835-8444 or 1-866-835-8444, ext. 5563163, [email protected]
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