Desjardins Investments announced it will reduce management fees by up to 10 basis points for certain unit classes of 24 mutual funds.
The pricing changes, which will take effect Oct. 1, are subject to approval by regulatory authorities.
For a full list of the funds and the unit classes affected, read Desjardins’ press release.
Plus, product launches from Manulife, Picton Mahoney and LongPoint
SEI takes award for best overall mutual fund group
Plus, new products from Purpose Investments, National Bank Investments
All fund categories reported strong inflows, except for cryptoasset ETFs
Firms must communicate with advisors and provide training when implementing new systems
Advisors want fair compensation plus the ability to avoid conflicts of interest when meeting clients' needs
The acquisition also marks the launch of Canaccord’s Ottawa office