Desjardins Global Asset Management Inc. announced on Thursday plans to terminate four of its multifactor-controlled volatility ETFs.
Specifically, the following funds will be delisted from the Toronto Stock Exchange on or about July 28, 2021:
- Desjardins Canada Multifactor-Controlled Volatility ETF;
- Desjardins USA Multifactor-Controlled Volatility ETF;
- Desjardins Developed ex-USA ex-Canada Multifactor-Controlled Volatility ETF; and
- Desjardins Emerging Markets Multifactor-Controlled Volatility ETF.
The funds will stop accepting subscriptions for units as of July 14, and a release said the funds are closing after a routine review determined “relatively low assets under management.”
Desjardins has also announced fee reductions for three of its cap-weighted low CO2 ETFs.
The Desjardins RI Canada – Low CO2 Index ETF now has a management fee of 0.15%, down from 0.25%. The Desjardins RI USA – Low CO2 Index ETF’s management fee is now 0.20%, compared with 0.25%. And, the Desjardins RI Developed ex-USA ex-Canada – Low CO2 Index ETF now has a management fee of 0.25%, down from 0.30%.