Desjardins Investments Makes Changes to Its Mutual Fund Lineup
Montreal, June 3rd, 2024 – Desjardins Investments Inc. ("DI"), as manager of the Desjardins Funds, announced changes to its mutual fund line-up in a press release on April 24, 2024. These changes to the Desjardins Canadian Equity Value Fund included the replacement of the portfolio sub-manager, an amendment to the investment strategies and a change of the name of the Fund. However, both the fundamental investment objective and the risk rating of the Fund remain unchanged.
Following regulatory approval, the Desjardins Canadian Equity Value Fund was renamed Desjardins Canadian Focused Equity Fund effective today. As changes were made to the Fund's investment strategies to reflect the portfolio manager's new high-conviction investment philosophy, the Fund had to liquidate several positions that had accumulated capital gains. A special distribution was made to unitholders of record on May 31, 2024, which was automatically reinvested in additional units of the Desjardins Canadian Focused Equity Fund.
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