Lévis, Que.-based Desjardins Group is launching eight new corporate class funds offering exposure to Canadian, U.S., international and emerging markets opportunities.
With the introduction of these new funds, Desjardins expands its suite of offerings for investors seeking tax-efficient investment solutions.
“What motivated us to launch the eight new corporate class funds was our drive to meet the needs of our taxable investors who were looking for a tax-smart way to save and invest outside their registered plans,” explains Luc Caron, director of mutual fund development, Desjardins Group.
The corporate class structure allows investors to mitigate or eliminate the tax implications of switching between portfolios or funds held within the same corporate class structure. Furthermore, this legal structure, as opposed to a trust structure, pays income in the form of dividends and capital gains which are types of income that receive favourable tax treatment.
The eight new corporate class funds are:
- Desjardins Dividend Growth Corporate Class
- Desjardins Canadian Equity Income Corporate Class
- Desjardins Canadian Equity Value Corporate Class
- Desjardins Canadian Equity Growth Corporate Class
- Desjardins American Equity Growth Corporate Class
- Desjardins Overseas Equity Growth Corporate Class
- Desjardins Global Small Cap Equity Corporate Class
- Desjardins Emerging Markets Opportunities Corporate Class
Desjardins Group is the leading cooperative financial group in Canada and the fifth largest cooperative financial group in the world with assets of $212 billion.