The firm will also terminate certain IBrix bond fund classes
Desjardins Investments Inc. will close Desjardins IBrix Canadian High Dividend Equity Fund, the Montreal-based company announced Monday.
The firm will also close Class A, C, F and D units of the Desjardins IBrix Global Bond Fund.
The closures will take place on or about Jan. 17, 2020.
Beginning Oct. 29, Desjardins will suspend any additional investment in the fund units, with the exception of investments made by periodic payments.
Qualified investments review could lead to lower costs for investors but also restrictions
The regulator's investigation into Emerge Canada is ongoing
Compared to public markets, private markets have less transparency and offer less liquidity
Regulated rates of return can provide a margin of safety to investors
Lawyers for firm's founder seek adjournment amid unpaid legal bills
Use these tips to build an approach that engages clients and inspires referrals
Prescribed rate to dip as inflation eases
Desjardins says the transaction "does not call into question our business relationship with Fiera"