Desjardins Financial Security is adding to its Millennia III family of segregated funds. The two new multi-management portfolios are Maestral Dynamic Portfolio of Funds, and the Millennia III Ultimate Portfolio of Equity Funds.

“The two new portfolios of funds offer the advantages of diversification according to sector, geographic area, capitalization and asset category,” indicated François Bourdon, director, Sales Strategies, Savings Products and Segregated Funds Development. “But they also offer another major advantage: the multi-management approach. By combining fund managers with complementary approaches, returns are maximized and volatility reduced.”

The two portfolios are designed for investors who are able to tolerate a fair amount of volatility. ” Each Millennia III Fund has its own distinctive risk-return ratio,” explained Julie L’Heureux, an advisor with the Sales Strategies, Savings Products sector.

The Maestral Dynamic Portfolio of Funds is managed by seven external sub-advisors with complementary styles who are actually the portfolio managers for the Maestral Funds offered by Desjardins Trust, including Elantis Investments, CDP World Management and Barclays Global Investors.

The Millennia III Ultimate Portfolio of Equity Funds is designed for investors who are able to tolerate strong fluctuations in the value of their portfolio. As a result, its return potential is higher than the Maestral Dynamic Portfolio of Funds. It combines 12 Millennia III equity funds managed by the five fund managers selected by Millennia III, namely Bissett Investment Management, Elantis Investments, Maestral Funds, McLean Budden and TAL. Investors also benefit from the expertise of several sub-advisors known for their work with the Maestral Funds.

With these two new portfolios, investors now have five Millennia III Portfolios of Funds to choose from. There are twenty-three other funds available, ranging from the Money Market Fund (Elantis) for the more conservative investor, to the Bissett Small Cap Fund for the more adventurous investor.

Desjardins Financial Security is the new company created by the merger of The Imperial Life Assurance Company of Canada and Desjardins-Laurentian Life Assurance.