MONTREAL, July 9, 2024
/CNW/ - Desjardins Investments Inc. ("DI"), as manager of the
Desjardins Funds, announces that it will close a Desjardins Fund,
namely the Wise Fixed Income Portfolio (the "Portfolio"), on or
around September 12, 2024, at
4 p.m. (Eastern Time).
DI has come to this conclusion considering the low net asset
value of the Portfolio and the limited number of unitholders.
Affected unitholders will be advised and DI will bear the costs and
expenses associated with the closure of the Portfolio. DI reserves
the right to suspend or postpone the implementation of these
changes.
The closure following the capping of the Portfolio in effect
since April 26, 2024, which was
announced by DI on April 24, 2024.
Since that date, the Portfolio has been closed to new investors and
to any additional investment in units of the Portfolio, except for
investments made by periodic payments.
DI regularly reviews its mutual fund's offer to ensure they
continue to meet the evolving investment needs of financial
advisors and investors. Unitholders of the Portfolio can contact
their advisor to obtain additional information.
About Desjardins Investments Inc.
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.
About Desjardins Group
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