Desjardins Group today announced the launch of the Chorus Portfolios. These 12 structured portfolios will use Desjardins Funds to provide caisses’ members with the expertise of internationally renowned managers as well as a sophisticated diversification by asset class, management style and geographic segment.

Chorus Portfolios include six accrual portfolios and six retirement portfolios. Some of the Desjardins Funds included in Chorus Portfolios are co-branded with Fidelity Investment, CI Investments and Northwest Mutual Funds.

“In the equation that opposes variability and potential returns, the Chorus Portfolios offer a specific solution to every type of investor, whether the investor profile is prudent, balanced or energetic. No matter what the investors’ choices may be, the Chorus Portfolios will accompany them at every stage of their lives and adapt to their new realities and aspirations,” said Marc Dubuc, vp marketing, Desjardins Funds.

Among the main features is the simplified transition of the portfolio at the time of retirement, combined with a tax deferral opportunity and tax-efficient cash distributions. Add to this a management fee rebate, based on the scope of the portfolio and reinvested in the account via annual distributions to add to its long-term growth, as well as an unrestricted access to one’s money at all times.

The portfolios are monitored on a quarterly basis to keep them in line with initial targets. Should a component stray from its preestablished target, the rebalancing process is immediately activated to restore each fund to its initial weighting and thus ensure that the choice of the investor is maintained.

The portfolios require a minimum initial investment of $100,000, are now available throughout the Desjardins caisses network.