Previously announced changes to the investment objectives and names of the Desjardins Dividend Fund, Desjardins CI Value Trust Corporate Class Fund and Desjardins Ethical Canadian Balanced Fund will be implement as planned on January 15, the Fédération des caisses Desjardins du Québec said Wednesday.

In addition, several other changes will be implemented at the same time.

Aberdeen Asset Management Inc. has been retained as an additional portfolio subadvisor to Desjardins Dividend Fund, which will be renamed Desjardins Dividend Income Fund, with responsibility for the management of foreign equity securities. The fund will generally invest in foreign companies with a minimum capitalization at the time of investment of approximately US$10 billion.

Wellington Management Company, LLP has been retained as portfolio subadvisor to Desjardins CI Value Trust Corporate Class Fund which will be renamed Desjardins American Equity Growth Fund. Wellington favours a growth management style and invests in securities of all capitalizations that demonstrate high growth in terms of income and earnings or a significant potential for growth.

As for Desjardins Ethical Canadian Balanced Fund, which will be renamed SocieTerra Growth Portfolio, Desjardins Global Asset Management Inc., the portfolio advisor, can now make direct investments in issuers’ securities and is not restricted to investing through other mutual funds.

Initially, the portfolio will invest in a mix of funds from Desjardins and Ethical Funds underlying funds.

IE