Desjardins Trust today announced that is adopting an active portfolio management strategy for the Desjardins Select family of funds. As well, it will begin using derivatives for hedging purposes for the Desjardins Dividend Fund.

On or about July 1, Desjardins Select funds will begin to rely on the recent “fund-of-fund” amendments to National Instrument 81-102, which will permit the Select funds to actively manage their investments in securities of other underlying mutual funds. The affected funds include Desjardins Select Canadian Balanced Fund, Desjardins Select Canadian Equity Fund, Desjardins Select American Equity Fund and Desjardins Select Global Equity

Also in July, the Desjardins Dividend Fund will commence using derivatives for hedging purposes only.