Montreal-based Desjardins Investments Inc. has announced changes to Desjardins Canadian Equity Growth Fund and Desjardins Canadian Equity Growth Corporate Class.
Desjardins Global Asset Management Inc. (DGAM) will now be responsible for the active management of Desjardins Canadian Equity Growth Fund’s portfolio, the firm said in a statement.
Additionally, the investment strategy of that fund and the Desjardins Canadian Equity Growth Corporate Class fund will be changed to better align with DGAM’s investment approach. These changes are expected to come into effect on Sept. 11 and are subject to approval by regulatory authorities.
Beginning Sept. 7, any additional investments in units of the two funds will be on hold, except for automatic-deposit investments made by existing unit holders of the Desjardins Canadian Equity Growth Fund.