Home Breadcrumb caret Industry News Breadcrumb caret Industry Desjardins Investments cuts management fees for 6 funds There are also portfolio management changes for certain funds By Staff | June 7, 2018 | Last updated on June 7, 2018 2 min read Desjardins Investments, manager of the Desjardins funds, has announced management fee cuts for six of the funds as well as portfolio management changes for certain funds. Effective July 9, the company will reduce the fees of the six funds to reflect its goal of “offering competitively priced funds,” Desjardins Investments says in a release. For a list of the affected fund units, see the table below. Funds Class Current management fee (before tax) % Adjusted management fee (before tax. As of July 9, 2018) % Desjardins Global Tactical Bond Fund F 0.75 0.60 Desjardins Dividend Income Fund A – T – C – R 1.75 1.70 Desjardins Dividend Income Fund F – S 0.75 0.70 Desjardins Dividend Income Fund D 1.00 0.95 Desjardins Overseas Equity Value Fund A – C 2.19 1.90 Desjardins Overseas Equity Value Fund F 0.94 0.85 Desjardins Overseas Equity Value Fund D 1.44 1.15 Desjardins Global Dividend Fund A – T- C – R 1.95 1.90 Desjardins Global Dividend Fund F – S 0.80 0.75 Desjardins Global Dividend Fund D 1.20 1.15 Desjardins Global Equity Growth Fund A – C 1.95 1.77 Desjardins Global Equity Growth Fund D 1.00 1.02 Desjardins Emerging Markets Fund A – C 2.20 2.00 Desjardins Emerging Markets Fund F 1.00 0.95 Desjardins Emerging Markets Fund D 1.45 1.25 Other fund changes Also effective July 9, the following fund management changes will occur: Desjardins Global Asset Management will serve as the sole portfolio manager for the Desjardins Dividend Income Fund; Fiera Capital Corporation will serve as the portfolio sub-manager for the Desjardins Overseas Equity Value Fund and, as such, the name will change to the Desjardins Overseas Equity Fund; and Lazard Asset Management LLC will serve as the portfolio sub-manager for the Desjardins Global Equity Value Fund and the Desjardins Emerging Markets Funds. While Desjardins Investments says it’s approved changes to each of the investment strategies of the impacted funds, the investment objectives of the impacted funds remain unchanged. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo