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SocieTerra funds will no longer invest in fossil fuels

By The IJ Staff | March 26 2020 01:47PM

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
(March 26, 2020)

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

 

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