Subject: RTG
Desjardins announces changes to the risk rating of the Desjardins Canadian Preferred Share Index ETF
MONTREAL, June 16, 2020 /CNW Telbec/ - Desjardins Global Asset Management Inc. (DGAM), acting as manager and portfolio advisor for Desjardins Exchange Traded Funds (ETFs), today announced changes to the risk rating of the Desjardins Canadian Preferred Share Index ETF ("DCP").
The risk rating of the DCP is adjusted, effective immediately, as follows:
Desjardins ETF | Trading Symbol | Prior Risk Rating | New Risk Rating (effective June 16, 2020) |
Desjardins Canadian Preferred Share | DCP | Low to medium | Medium |
The risk rating of the DCP is adjusted following a risk assessment conducted by DGAM in accordance with the standardized risk classification methodology, set out in Regulation 81-102 Investment Funds. The methodology is based on the historical volatility of the ETF, as measured by the 10-year standard deviation of the returns of the ETF. If an ETF has less than 10 years of performance history, DGAM calculates the investment risk level of the ETF using the return history of the ETF, and, for the remainder of the 10-year period, the return history of a reference index that reasonably approximates the standard deviation of the ETF.
Please note that the DCP's investment objectives and strategies remain unchanged.
For information about Desjardins ETFs, visit the manager's website at www.desjardinsETF.com.
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 Exchange Traded Funds are not guaranteed, their value fluctuates frequently and their past performance is not indicative of their future returns. Commissions, management fees and expenses all may be associated with an investment in exchange traded funds. Please read the prospectus before investing. Desjardins Global Asset Management Inc. is the manager and portfolio manager of the Desjardins Exchange Traded Funds. The Desjardins Exchange Traded Funds are offered by registered dealers.
SOURCE Desjardins Group
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