Investment fund provider lowers fees for selected bond and preferred share index ETFs
Desjardins Global Asset Management (DGAM) has announced that it is cutting the management fee for a limited selection of its Desjardins ETFs.
"Reducing the management fee is an example of DGAM's unwavering commitment to help make Desjardins ETFs more accessible to investors as a way of reaching their long-term goals," said Nicolas Richard, president & CEO of DGAM.
Effective November 1, DGAM will be lowering the fees for the following ETFs:
|
Desjardins ETF |
Ticker |
Previous Management Fee |
Updated Management Fee |
|
Desjardins Canadian Universe Bond Index ETF |
DCU |
0.10% |
0.07% |
|
Desjardins Canadian Short Term Bond Index ETF |
DCS |
0.09% |
0.07% |
|
Desjardins 1-5 year Laddered Canadian Corporate Bond Index ETF |
DCC |
0.25% |
0.15% |
|
Desjardins 1-5 year Laddered Canadian Government Bond Index ETF |
DCG |
0.15% |
0.12% |
|
Desjardins Canadian Preferred Share Index ETF |
DCP |
0.45% |
0.40% |
The investment objectives of the fund remain unchanged.
"By [lowering the fees], DGAM is able to provide more accessibility to its ETF solutions for both retail and institutional clients to use as a core building block in their portfolios,” Richard said. “They also have the added benefit of accessing DGAM's team of experts."
