(January 11- 11:00 ET) – Desjardins Trust has launched three new mutual funds. Desjardins Ethical Income Fund, Desjardins Balanced Fund and Desjardins North American Fund are clone funds – using a mix of underlying Ethical funds for the portfolios.

Desjardins Ethical Income is 55% fixed income, 45% growth and Desjardins Ethical Balanced is 35% fixed income, 65% growth both are RRSP eligible. Desjardins North American is 100% growth, and considered foreign content. Ethical Money Market, Income, and Global Bond are the underlying fixed income funds, while Ethical Growth, Special, North American Equity and Pacific Rim are the equity funds used.

Minimum investment is $1,000 in the Desjardins family of funds. All carry no loads. Management expenses are 1.8%, plus operating expenses. Funds may be dealer-sold and dealers can add up to 75 basis points as a trailer fee.
-IE Staff