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Desjardins closes Corporate Class Funds

By The IJ Staff | September 07 2017 11:30AM

Photo: Freepik

Desjardins Investments today announced the closure of Desjardins Corporate Class Funds.

In a Sept. 7 announcement, Desjardins Investments stated that it is taking this measure “due in part to the fact that in 2016, the federal government put an end to the Corporate Class Funds' main advantages, such as asset transfers from one fund to another without tax consequences and tax deferrals.”

The following funds will be closed on or about Nov. 15:

Desjardins Money Market Corporate Class
Desjardins Canadian Preferred Share Corporate Class
Desjardins Dividend Growth Corporate Class
Desjardins Canadian Equity Income Corporate Class
Desjardins IBrix Canadian High Dividend Equity Corporate Class
Desjardins IBrix Canadian Equity Focus Corporate Class
Desjardins Canadian Equity Value Corporate Class
Desjardins Canadian Equity Growth Corporate Class
Desjardins American Equity Growth Corporate Class
Desjardins American Equity Growth Currency Neutral Corporate Class
Desjardins Overseas Equity Growth Corporate Class
Desjardins Global Equity Growth Corporate Class
Desjardins Global Small Cap Equity Corporate Class
Desjardins Emerging Markets Opportunities Corporate Class

Desjardins Investments added that as of Sept. 7, 2017, it will suspend any additional investment in these funds’ shares, including investments made by periodic payments. More information on the closure is available here.

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