Desjardins widens corporate-class offerings

Lévis, Que.-based Mouvement des caisses Desjardins has launched eight new corporate-class funds for investors who are looking for a tax-smart way to save and invest outside their registered plans. The new funds in the Chorus II Corporate Class Portfolios include: Desjardins Dividend Growth Corporate Class, Desjardins Canadian Equity Income Corporate Class, Desjardins Canadian Equity Value Corporate Class, Desjardins Canadian Equity Growth Corporate Class, Desjardins American Equity Growth Corporate Class, Desjardins Overseas Equity Growth Corporate Class, Desjardins Global Small Cap Equity Corporate Class and Desjardins Emerging Markets Opportunities Corporate Class. 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 6 for the regular DSC schedule, or begin at 3% in Year 1 and end at zero after Year 3 for the low-load schedule. Trailing commissions are 1% for front-end sales; 0.5% for deferred sales; and 0.5% for the first three years of low-load sales, then 1% thereafter. Minimum investment in the new funds is $1,000. For individual management fees and information on portfolio managers, please visit www.desjardinsfunds.com.

(cohara@investmentexecutive.com).