Desjardins Investments announces mutual fund fee reductions in Montreal

On September 11, 2024, Desjardins Investments Inc. announced a reduction in management fees for two of its mutual funds: the Desjardins Canadian Equity Income Fund and the Desjardins Canadian Equity Focused Fund. This fee reduction will be by 5 basis points for S-Class Units and is expected to take effect around October 1, 2024, pending regulatory approval. This decision follows a previous fee reduction for F-Class Units of the same funds announced on August 30, 2024. Desjardins Investments regularly reviews its mutual fund offerings to adapt to the changing needs of financial advisors and investors. The company manages a significant portfolio, with $39.9 billion in assets under management as of December 31, 2023. This proactive approach reflects their commitment to providing competitive investment options in the Canadian market. Desjardins Group, the parent organization, is recognized as the largest cooperative financial group in North America, with assets totaling $444.3 billion as of June 30, 2024. The group has received accolades for its workplace environment and is noted for its strong financial standing, being ranked among the world's strongest banks. Investors should be aware that mutual funds are not guaranteed, and their values can fluctuate. The past performance of these funds does not guarantee future returns. As always, potential investors are encouraged to read the prospectus before making investment decisions.