The company is tweaking the investment objectives of SocieTerra Growth Portfolio and Desjardins Quebec Balanced Fund
IBrix funds to close in March 2019
Chorus II Corporate Class Portfolio will be merged with Chorus II Trust Fund Portfolio
Changes take effect Oct. 1
New portfolio managers for two mutual funds
It will also proceed with the merger of Desjardins Canadian Equity Growth Fund with Desjardins Canadian Equity Fund
The closures are partly the result of changes introduced in the 2016 federal budget
Investment strategies will be changed to align with firm’s approach
Desjardins Global Asset Management will take over as portfolio manager of Desjardins Short-Term Income Fund from Desjardins Investments
The changes, which take effect at the end of the month, were made in response to the CSA’s new methodology for classifying risk