Desjardins Investments, the manager of the Desjardins Funds, today announced that it will be reducing management fees by up to 21 basis points for a majority of unit classes of 28 Desjardins Funds, effective Oct. 1, 2018.
The company says the changes reflect its commitment to offering competitively priced funds.
"We continually review our group of funds to provide competitive investment solutions that meet the needs of investors. The new round of fee reductions announced today for the Desjardins Funds is in line with our objective of offering affordable products that benefit our members and clients," said Sébastien Vallée, General Manager, Investment Solutions Development and Management at Desjardins Investments.
The changes are subject to approval by regulatory authorities. Consult the list of funds affected here.