Desjardins Investments introduces four index ETFs, enhancing options for diversified investment portfolios
Desjardins Investments Inc. (DI), serving as the manager for Desjardins Exchange Traded Funds (ETFs), has announced the launch of four new index exchange-traded funds.
These ETFs, having completed their initial offering of units, will begin trading on the Toronto Stock Exchange (TSX) today.
Frédérick Tremblay, managing director and head of Investment Solutions at Desjardins, expressed, “We're proud to expand our range of Desjardins ETFs and launch these core components, designed to meet investors' needs for diversification and portfolio construction, and to help empower them financially.”
The four Desjardins ETFs that commenced trading on the TSX today are listed below, along with their respective ticker symbols and management fees:
- Desjardins Canadian Corporate Bond Index ETF (DCBC): This fund aims to replicate, as closely as possible before fees and expenses, the performance of a Canadian corporate bond index, specifically the Solactive Canadian Bond Universe Corporate TR Index. It primarily invests in corporate bonds issued in the Canadian market. The management fee is 0.15 percent.
- Desjardins Canadian Equity Index ETF (DMEC): Seeking to mimic the performance of the Solactive Canada Broad Market Index (CA NTR) before fees and expenses, this fund focuses on large and mid-cap securities of Canadian companies. The management fee is 0.05 percent.
- Desjardins American Equity Index ETF (DMEU): This ETF aims to reflect the performance of the Solactive GBS United States 500 CAD Index (CA NTR), focusing on large and mid-cap securities of American companies, with a management fee of 0.05 percent.
- Desjardins International Equity Index ETF (DMEI): Targeting the Solactive GBS Developed Markets Ex North America Large & Mid Cap CAD Index (CA NTR), this fund invests primarily in large and mid-cap securities of international companies. It charges a management fee of 0.20 percent.
These management fees are calculated based on the net asset value of each corresponding ETF, accrued daily and payable monthly in arrears, plus applicable taxes.
