Des­jardins nixes cor­po­rate-class funds

Investment Executive - - FOCUS ON PRODUCTS -

Mon­treal-based Des­jardins In­vest­ments Inc. is clos­ing 14 of its cor­po­rate-class mu­tual funds. The firm states the clo­sures are due in part to changes the fed­eral gov­ern­ment in­tro­duced in 2016 that af­fect cor­po­rate-class mu­tual funds. Each of the 14 funds has sus­pended ad­di­tional in­vest­ment and will close of­fi­cially on or about Nov. 15. Among the af­fected funds are: Des­jardins Money Mar­ket Cor­po­rate Class; Des­jardins Cana­dian Pre­ferred Share Cor­po­rate Class; Des­jardins Div­i­dend Growth Cor­po­rate Class; Des­jardins Cana­dian Equity In­come Cor­po­rate Class; Des­jardins IBrix Cana­dian High Div­i­dend Equity Cor­po­rate Class; Des­jardins IBrix Cana­dian Equity Fo­cus Cor­po­rate Class; and Des­jardins Cana­dian Equity Value Cor­po­rate Class. For full de­tails, visit www.des­jardins.com.

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