Montreal-based Desjardins Investments Inc. has reduced the management fees for a majority of unit classes of 28 mutual funds by up to 21 basis points. For example, the management fees for A-class units of Desjardins Canadian Bond Fund will be reduced to 1.15% from 1.2%, while management fees for A-class units of Desjardins IBrix Low Volatility Emerging Markets Fund will be lowered to 2% from 2.21%. At the same time, management fees for F-class units of Desjardins SocieTerra Environment Fund will be reduced to 0.8% from 0.9% and management fees for F-class units for Desjardins Global Infrastructure Fund will be lowered to 0.95% from 1%. All changes are effective Oct. 1, 2018. For a full list of funds and changes, visit Desjardins.com.
(fcollie@investmentexecutive.com)