Desjardins Investments proposes changes to two funds

Desjardins Investments Inc. has proposed changes to the investment objective and strategy, respectively, of two funds.

Proposed changes to SocieTerra Growth Portfolio’s investment objective would allow foreign investment exposure to increase to more than 50% of the portfolio, says a release. Proposed changes won’t affect the portfolio’s target asset allocation between fixed income and equities, which will remain at 40% and 60%, respectively.

Unitholders will meet to approve proposed changes on Jan. 23, 2019. If approved, the changes will be effective in February.

Approved changes to the Desjardins Québec Balanced Fund’s investment strategy will allow up to 10% of the fixed income securities portfolio to be invested in securities with a DBRS credit rating of BB or less, or any equivalent credit rating set by another designated rating organization, says the release. The change will be effective in December. The fund’s fundamental objective remains unchanged.

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