Montreal, May 1st, 2020 - Desjardins Global Asset Management Inc. (DGAM), acting as manager and portfolio advisor of the Desjardins Exchange Traded Funds (ETFs), announces the launch of a new exchange traded fund adhering to a responsible investment policy. The Desjardins RI Developed ex-USA ex-Canada - Low CO2 Index ETF has closed the initial offering of units, and those units will begin trading on the Toronto Stock Exchange (TSX) today.
The Desjardins RI Developed ex-USA ex-Canada - Low CO2 Index ETF (DRMD) complements the range of ETFs designed to significantly reduce carbon intensity relative to traditional equity indices.
"We are pleased to offer our investors attractive growth potential while supporting the transition to a greener economy", explains Nicolas Richard, Chief Executive Officer of DGAM.
The ticker symbol and management fees of the Desjardins RI Developed ex-USA ex-Canada - Low CO2 Index ETF will be as follows:
1The annual management fees are based on a percentage of the net asset value of the corresponding Desjardins ETF, and are calculated daily and payable monthly in arrears, plus applicable taxes.
Desjardins RI Developed ex-USA ex-Canada - Low CO2 Index ETF (Symbole TSX: DRMD) : (Ticker TSX: DRMD) : The Fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of a developed markets (ex-USA ex-Canada) cap-weighted equity index. Currently, the Fund seeks to replicate the performance of the Scientific Beta Desjardins Developed ex-US ex-CA RI Low Carbon Index, net of fees and expenses. Under normal market conditions, the Fund will primarily invest in large and mid-cap companies from the Scientific Beta Developed Markets (ex-USA ex-Canada) Universe while seeking to deliver a significant reduction in the weighted average carbon intensity of the Fund's portfolio and ensuring that all Constituent Issuers meet Pre-Determined ESG Standards.