Desjardins updates its funds, introducing 'Sustainable' names and adjusting risk ratings
Desjardins Investments Inc. (DI) has announced an overhaul of its mutual fund offerings, with an emphasis on sustainability and responsiveness to the investment community's evolving preferences.
This comprehensive update encompasses the rebranding of the SocieTerra Funds and Portfolios, along with two Wise ETF portfolios, to reflect their sustainable investment focus more accurately.
The English names will transition to “Sustainable Funds and Portfolios,” while retaining the original French “SocieTerra” branding, and both language versions will incorporate “Desjardins” to highlight the firm's stewardship.
The revision spans a diverse range of funds including short-term income, various bond categories, equity income, global equity, and cleantech funds.
It also includes renaming the Wise Balanced ETF and Wise Maximum Growth ETF portfolios to the Wise Moderate ETF Portfolio and Wise Aggressive ETF Portfolio, respectively, subject to regulatory approval.
Risk ratings for select funds are also being adjusted effective March 28, 2024.
Notably, the risk level for the Desjardins Global Corporate Bond Fund and SocieTerra Conservative Portfolio will shift from 'Low' to 'Low to Medium'. Similarly, the Desjardins SocieTerra American Small Cap Equity Fund and Positive Change Fund will move from 'Medium' to 'Medium to High'.
These changes indicate a nuanced reassessment of their risk profiles.
These initiatives reflect DI's commitment to innovation and its proactive approach to investment solutions that align with environmental and social values, ensuring that DI remains at the forefront of the financial landscape to better serve financial advisors and investors.
