Desjardins alters portfolio management

Montreal-based Desjardins Investments Inc., portfolio manager for Desjardins Funds, has announced a change in management for Desjardins Québec Balanced Fund’s portfolio. Desjardins Global Asset Management Inc. (DGAM) has taken on the position of sole portfolio manager of the fund. Previously, the fund was co-managed by Montreal-based Fiera Capital Corp. In addition, DGAM has approved changes to the fund’s investment strategy to reflect DGAM’s investment philosophy. The fundamental goal of the fund, however, remains the same: to provide unitholders with moderate income and long-term capital growth. The change in portfolio management will take effect on or around March 28.

(cohara@investmentexecutive.com).