Desjardins Investments announces new sub-manager, strategy changes, and fund name update
Desjardins Investments Inc. (DI) announced changes to its mutual fund line-up on April 24.
DI will replace the portfolio sub-manager, amend the investment strategies of the Desjardins Canadian Equity Value Fund, and rename the Fund. Additionally, DI will cap the Wise Fixed Income Portfolio.
Changes to the Desjardins Canadian Equity Value Fund
DI has replaced LSV Asset Management with Desjardins Global Asset Management Inc. (DGAM) as the portfolio sub-manager. DI approved changes to the Fund's investment strategies to reflect DGAM’s high-conviction approach. The fundamental investment objective and risk rating remain unchanged.
The Fund is now renamed the Desjardins Canadian Equity Focused Fund.
DI capped the Wise Fixed Income Portfolio as of 4 pm (Eastern Time) on April 26. The Portfolio will close to new investors and additional investments, except for periodic payments. Current unitholders can contact their advisor for more information.
Due to changes in the Desjardins Canadian Equity Value Fund, several positions with accumulated capital gains were liquidated. A special distribution was made to unitholders of record on May 31, which was automatically reinvested in additional units of the Desjardins Canadian Focused Equity Fund.
DI regularly reviews its mutual fund offerings to meet the evolving needs of financial advisors and investors.
