MONTREAL, March 7, 2019 /CNW Telbec/ - Desjardins
Global Asset Management Inc. (DGAM), acting as manager and
portfolio advisor of the Desjardins Exchange Traded Funds (ETFs),
announces the launch of two exchange traded funds adhering to a
responsible investment policy. Each of the Desjardins ETFs listed
in the table below has closed the initial offering of units, and
those units will begin trading on the Toronto Stock Exchange (TSX)
today.
The Desjardins RI Emerging Markets Multifactor Low
CO2 ETF (DFRE) complements the range of ETFs
designed to significantly reduce carbon intensity relative to
traditional equity indices. As for the Desjardins RI Global
Multifactor Fossil Fuel Reserves Free ETF (DRFG), it gives
investors a rare opportunity to invest with zero exposure to the
traditional energy sector (coal, gas, oil).
"We are pleased to offer our investors attractive growth
potential while supporting the transition to a greener economy",
explains Nicolas Richard, Chief
Executive Officer of DGAM.
Here is a list of the six Desjardins ETFs
that will commence trading on the TSX today, as well as their
corresponding ticker symbols and management fees:
Exchange Traded
Funds (ETF)
|
Ticker
symbols
(TSX)
|
Management
fees1
|
Desjardins
Multifactor Low CO2 ETFs
|
|
|
Desjardins RI
Emerging Markets Multifactor - Low CO2 ETF
|
DRFE
|
0.65%
|
|
Desjardins
Multifactor Low Fossil Fuel ETFs
|
|
|
Desjardins RI Global
Multifactor - Fossil Fuel Reserves Free ETF
|
DRFG
|
0.60%
|
1The annual management fees are based on a
percentage of the net asset value of the corresponding Desjardins
ETF, and are calculated daily and payable monthly in arrears, plus
applicable taxes.
Desjardins RI Emerging Markets Multifactor - Low
CO2 ETF (Ticker TSX: DRFE) The Fund seeks to
replicate, to the extent reasonably possible and before fees and
expenses, the performance of an emerging markets index that employs
a multifactor approach. Currently, the Fund seeks to replicate the
performance of the Scientific Beta Desjardins Emerging RI Low
Carbon Multifactor Index, net of fees and expenses. Under normal
market conditions, the Fund will primarily invest in large and
mid-cap companies from the Scientific Beta Emerging Markets
Universe while seeking to deliver a significant reduction in the
weighted average carbon intensity of the Fund's portfolio relative
to the cap-weighted Index of the Scientific Beta Emerging Markets
Universe and ensuring that all Constituent Issuers meet
Pre-Determined ESG Standards.
Desjardins RI Global Multifactor - Fossil Fuel Reserves Free
ETF (Ticker TSX: DRFG) The Fund seeks to replicate, to the
extent reasonably possible and before fees and expenses, the
performance of a global markets index that employs a multifactor
approach. Currently, the Fund seeks to replicate the performance of
the Scientific Beta Desjardins Global RI Fossil Fuel Reserves Free
Multifactor Index, net of fees and expenses. Under normal market
conditions, the Fund will primarily invest in large and mid-cap
companies from the Scientific Beta Global Markets Universe while
delivering a significant reduction in the Carbon Asset Stranding
Risk Exposure of the Fund's portfolio relative to the cap-weighted
Index of the Scientific Beta Global Markets Universe and ensuring
that all Constituent Issuers meet Pre-Determined ESG Standards.
To obtain additional information about the Desjardins ETFs,
visit the manager's website at www.desjardinsETF.com.
About Desjardins Group
Desjardins Group is the
leading cooperative financial group in Canada and the fifth largest in the world,
with assets of $295.5 billion.
It has been rated one of Canada's
Top 100 Employers by Mediacorp. To meet the diverse needs of its
members and clients, Desjardins offers a full range of products and
services to individuals and businesses through its extensive
distribution network, online platforms and subsidiaries across
Canada. Ranked among the World's
Strongest Banks according to The Banker magazine, Desjardins
has one of the highest capital ratios and credit ratings in
the industry.
The Desjardins Exchange Traded Funds are not
guaranteed, their value fluctuates frequently and their past
performance is not indicative of their future returns. Commissions,
management fees and expenses all may be associated with an
investment in exchange traded funds. Please read
the prospectus before investing. Desjardins Global Asset
Management Inc. is the manager and portfolio manager of the
Desjardins Exchange Traded Funds. The Desjardins Exchange Traded
Funds are offered by registered dealers.
Index Disclaimers
The Indices referenced herein are the property of EDHEC Risk
Institute Asia Ltd. ("ERIA") and have been licensed for use
in connection with the Desjardins Index ETFs within the framework
of the Scientific Beta business. The Desjardins Index ETFs that
replicate fully or partially the Indices are not sponsored,
endorsed, sold or promoted by ERIA. ERIA shall not have any
liability with respect thereto.
SOURCE Desjardins Group