Desjardins Investments Makes Changes to Its Mutual Fund Lineup

MONTREAL, March 28, 2024 /CNW/ - Desjardins Investments Inc. ("DI"), as manager of the Desjardins Funds, announces changes to its mutual funds. These changes, described in detail below, consist of name changes to its range of SocieTerra Funds and Portfolios and two Wise ETF portfolios as well as a revised risk level of certain Desjardins Funds. 

DI regularly reviews its mutual fund's offering to ensure they continue to meet the evolving investment needs of financial advisors and investors.

The manager of the Desjardins Funds will change the English name of the existing SocieTerra Funds and Portfolios which will be renamed as the Sustainable Funds and Portfolios. This change will not affect the French version of the SocieTerra names, which will remain the "Fonds et Portefeuilles SociéTerre^MD".

In addition, the word "Desjardins" will be added to the names of the SocieTerra/Sustainable Portfolios in both the English and French versions. 

SocieTerra Funds and Portfolios (SociéTerre) are subject to change:

The manager will also change the name of the Wise Balanced ETF and Wise Maximum Growth ETF portfolios which will be renamed as the Wise Moderate ETF Portfolio and the Wise Aggressive ETF Portfolio respectively. 

Implementation of the changes described above is subject to approval from the regulatory authorities.

DI announces a review of the risk rating attributed to certain Desjardins Funds effective as of March 28, 2024. The table below lists each Desjardins Funds affected by this change:

Desjardins Investments Inc., manager of the Desjardins Funds, is one of Canada's largest mutual fund manufacturers, with $ 39.9 billion in assets under management as at December 31, 2023. DI offers a broad range of investment funds to Canadian investors. In addition, DI is one of the most committed actors in promoting and advancing responsible investment in Canada.

Desjardins Group is the largest cooperative financial group in North America and the fifth largest cooperative financial group in the world, with assets of $422.9 billion as at December 31, 2023. It was named one of the World's Top Female-Friendly Companies by Forbes magazine. 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. 

Desjardins®, all trademarks containing the word Desjardins, as well as related logos are trademarks of the Fédération des caisses Desjardins du Québec, used under licence.

SOURCE Desjardins Group