Desjardins changes funds’ strategies, names

Montreal-based Desjardins Investments Inc. has announced changes to its Chorus II Portfolios. The funds’ investment strategies now will include volatility-reduction criteria to determine what percentage of the portfolios’ assets will be invested in a particular security. The fundamental investment objective for each fund remains unchanged. New York-based Lazard Asset Management LLC will act as an expert advisor and provide asset-allocation recommendations for all Chorus II Portfolios. As well, the funds’ names have been changed as follows to reflect this low-volatility criteria: Chorus II Conservative Portfolio will be renamed Chorus II Conservative Low Volatility Portfolio; Chorus II Balanced Income Portfolio will be renamed Chorus II Moderate Low Volatility Portfolio; Chorus II Corporate Balanced Growth Portfolio will be renamed Chorus II Balanced Low Volatility Portfolio; Chorus II Corporate Class Conservative Portfolio will be renamed Chorus II Corporate Class Conservative Low Volatility Portfolio; Chorus II Corporate Class Balanced Income Portfolio will be renamed Chorus II Corporate Class Moderate Low Volatility Portfolio; and Chorus II Corporate Class Balanced Growth Portfolio will be renamed Chorus II Corporate Class Balanced Low Volatility Portfolio. All changes are effective Dec. 5. For full details regarding Chorus II Portfolios, including fees, visit www.desjardins.com.

(fcollie@investmentexecutive.com).