Desjardins Group is adding a socially responsible investing option to its discretionary portfolio management service, the company announced on Tuesday.

Desjardins Private Management, which offers discretionary portfolio management and trust services to high net worth clients, is now offering segregated accounts managed according to the principle of active investment, which emphasizes dialogue with companies.

The new offering is in partnership with Northwest & Ethical Investments L.P., a socially responsible investing firm which is owned 50% by the Provincial Credit Union Centrals and 50% by Desjardins Group.

“Providing the option of making socially responsible investments enhances our discretionary portfolio management offering,” said Jean Brunelle, director of Desjardins Private Management. “It allows our Private Management clients greater flexibility in personalizing their investment portfolios.”

In addition to segregated accounts, discretionary portfolio management will also boast new DIM Private Funds, while some existing funds will be modified.

IE