Desjardins Group is now offering its investor members a brand new product, the Desjardins Enhanced Return Guaranteed Investment.
This product, which offers a 100% capital guarantee at maturity, is specifically targeted at caisse members that wish to participate in the growth of the Canadian financial sector, in particular the banking and life and health insurance sectors, while benefiting from a guaranteed minimum return.
Investors benefit from the return on eight equally weighted securities of the major Canadian banks and the three top life and health insurance companies in the country.
“This new product, with its unique design, joins the ranks of an already impressive range of capital guaranteed structured products offered by the Desjardins network. What’s more, it confirms the leader position that Desjardins already holds in this market”, says Bernard Fortin, wealth management director at Desjardins.
“One of the advantages offered by the Desjardins Enhanced Return Guaranteed Investment, in addition to eligibility for member dividends, is that it enables members to draw on the growth potential of the securities of Canadian financial institutions, a firm minimum return and capital guarantee.” says Eric Landry, financial engineering director at Desjardins.
Desjardins Group is the largest integrated cooperative financial group in Canada, with overall assets of $147 billion, as at Sept. 30, 2007.
Desjardins launches Enhanced Return Guaranteed Investment
Product offers exposure to Canadian financial sector, with a 100% capital guarantee
- By: IE Staff
- January 24, 2008 January 24, 2008
- 10:55