Desjardins launches funds on the NAVex platform

By The IJ Staff | September 22 2020 02:03PM

Desjardins Investments announced Sept. 22 the launch of 16 mutual funds on the TSX NAVex platform.

Desjardins Investments says that with this launch it becomes the manager with the largest number of mutual funds on this platform. Desjardins offering includes seven RI funds that are 100% free of oil production and pipelines.

"Thirty years ago this month, we introduced our first RI fund (Desjardins Environment Fund) and ever since, we have made a conscious effort to develop products for investors who want to see their investment grow while supporting businesses that promote sustainable development and social responsibilities," said Guy Cormier, Desjardins President and CEO.

Desjardins says its presence on TSX NAVex will give IIROC registered investment advisors the possibility to bulk trade mutual funds more efficiently.

"We are proud to welcome Desjardins, an industry leader and long-standing partner in Canada's markets, to TSX NAVex, our centralized mutual fund solution," said Kevin Sampson, President, Equity Trading, TMX Group. "The launch of these funds on TSX NAVex significantly expands our product offering and enables dealers and advisors to take advantage of the platform's unique features, including an efficient, cost-effective transaction process. As the nature of investing continues to evolve, we look forward to working closely with our industry stakeholders to build our markets stronger and more competitive into the future."

The 16 funds launched on the TSX NAVex are listed here.

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