Desjardins expands Melodia portfolio

Lévis, Que.-based Desjardins Wealth Management has expanded its all-in-one Melodia investment portfolios with the introduction of nine new portfolios: four income-oriented and five growth-oriented. The changes were made in order to increase the geographical diversity and type of income- generating assets that Desjardins manages, says Éric Landry, director, specialized investment product development, Desjardins Group. The new portfolios include: Melodia Very Conservative Income Portfolio, Melodia Conservative Income Portfolio, Melodia Moderate Income Portfolio, Melodia Diversified Income Portfolio, Melodia Moderate Growth Portfolio, Melodia Diversified Growth Portfolio, Melodia Balanced Growth Portfolio, Melodia Aggressive Growth Portfolio and Melodia Maximum Growth Portfolio. Advisor commissions are 0%-5% for front-end sales, 5% for deferred sales and 2.5% for the low-load option. Redemption fees begin at 6% in Year 1 and end at zero after Year 7 for the regular DSC schedule; or begin at 3% in Year 1 and end at zero after Year 3 of the low-load schedule. Minimum investment is $500. For individual trailing commissions and management fees, visit www.desjardins.com.

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