Desjardins Investments Inc. and Dynamic Funds have both added new offerings.
Desjardins announced the launch of five new mutual funds on Nov. 18, including three target-maturity investment-grade bond funds and two global equity funds.
The target-maturity investment-grade bond funds — available in three classes — aim to provide regular income while offering capital stability, a release said. They invest primarily in fixed-income securities issued by Canadian companies that will mature in 2025, 2026 or 2027, when each fund will be closed.
Desjardins’ global equity funds invest primarily in equity and equity-related securities of companies from around the world, including in emerging markets.
The Desjardins Global Opportunities Fund is designed to “reflect the fund manager’s outlook on the macroeconomic environment, market valuations and investor sentiment,” while the Desjardins Fundamental Global Equity Fund “uses fundamental analysis to select securities from quality companies capable of maintaining long-term growth and potentially increasing their valuation,” a release said.
Dynamic Funds has introduced three new ETF series for its existing mutual funds.
As of Nov. 15, ETF series are available for the Dynamic Global Fixed Income Fund, Dynamic Short Term Credit PLUS Fund and Dynamic Credit Opportunities Fund. Dynamic Short Term Credit PLUS Fund and Dynamic Credit Opportunities Fund are liquid alternative mutual funds, a release said.
Other product news
On Nov. 20, global investment management firm T. Rowe Price announced the launch of its first target-date portfolios for Canadians.
The T. Rowe Price Retirement Date Series is now available through Canada Life, which has added the series to its Group Retirement Services core platform.