Desjardins announces fund closureBy The IJ Staff | October 28 2019 01:50PM
Desjardins Investments (DI) announced Oct. 28 that it will close the Desjardins IBrix Canadian High Dividend Equity Fund. The company says it made the decision to close the fund due to the low net asset value and limited number of unitholders.
DI also announced that it will close classes of Units A-, C-, F- and D- of the Desjardins IBrix Global Bond Fund.
The closures are expected to take place on or about Jan. 17, 2020. Starting Oct. 29, 2019, DI says it will suspend any additional investment in the funds units at issue, with the exception of investments made by periodic payments.