Desjardins Investments Inc., the Manager of the Desjardins Funds, announced on March 25 that its SocieTerra line will cease to invest in companies for which fossil fuels represent a significant part of their activities.
In a statement, Desjardins Investments (DI) said, the SocieTerra line will no longer invest in companies actively involved in the extraction, production or specialized transportation of oil and natural gas (e.g. pipelines), coal mining, as well as coal-fired electricity generation. The changes come into effect on April 1.
Risk level reductions
The company also announced the reduction of the risk level of the following Desjardins Funds, effective March 26:
|
Funds |
Prior Risk Level |
Revised Risk Level |
|
Desjardins SocieTerra Global Bond Fund |
Low to Medium |
Low |
|
SocieTerra Maximum Growth Portfolio |
Medium |
Low to Medium |
|
Melodia Maximum Growth Portfolio |
Medium |
Low to Medium |
|
Chorus II Maximum Growth Portfolio |
Medium |
Low to Medium |
|
Wise Maximum Growth ETF Portfolio |
Medium |
Low to Medium |
