MONTREAL, June 20, 2025 /CNW/ – Desjardins is proud to launch a new exchange-traded fund (ETF): the Desjardins Quebec Equity ETF. Desjardins Investments Inc., which manages Desjardins ETFs, announced the launch of a new exchange-traded fund. Now that the initial public offering of units has closed, those units will begin trading on the Toronto Stock Exchange (TSX) today.
“We designed this ETF to meet rising demand from our members and clients who wish to invest in the growth of their local economies,” says Sébastien Vallée, Vice-President, Investment Solutions at Desjardins Group. “This gives them the option to make a concrete investment in publicly listed Quebec companies while diversifying their portfolios with a simple and competitive product.”
A 100% Quebec fund that promotes local companies on their home turf and further afield
The Desjardins Quebec Equity ETF is composed of a diversified publicly listed Quebec companies whose head offices and administration are located in Quebec. The portfolio is managed by Desjardins Global Asset Management (DGAM) based on strict capitalization, liquidity and concentration criteria.
In addition, this new ETF offers attractive terms, such as no management fees for the first year following the fund’s launch. The fund begins trading on the TSX today. The ETF’s ticker symbol and applicable management fees are indicated below:
|
Exchange-traded fund (ETF) |
Ticker symbol (TSX) |
Management fees1 |
|
Desjardins Quebec Equity ETF |
DMQC |
0.30 % |
|
1 The fund manager has invoked their discretionary power to temporarily waive management fees when trading DMQC units until June 30, 2026, In other words, DMQC management fees will be nil (“temporary fee reduction”) until that date. Unless the fee waiver is extended, after June 30, 2026, the temporary fee reduction will end (without further notice to unitholders or requiring their approval) and the annual management fee of 0.3% of DMQC’s net asset value, plus applicable taxes, will be reinstated. Investments in an ETF may be subject to commissions and other fees. |
Desjardins Quebec Equity ETF (TSX ticker symbol: DMQC): The Fund seeks to provide long-term capital appreciation by investing primarily in equity and equity-related securities of corporations based in Quebec operating in different economic sectors.
For more information about Desjardins ETFs, refer to the fund manager’s website at www.desjardinsETF.com.
About Desjardins Group
Desjardins Group is the largest cooperative financial group in North America and the sixth largest in the world, with assets of $487.9 billion as at March 31, 2025. It has been named one of the top employers in Canada by both Forbes magazine and Mediacorp. It has also been recognized as one of the World’s Best Banks in 2025 by Forbes. The organization has more than 56,100 skilled employees. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, its online platforms, and its subsidiaries across Canada. Ranked among the world’s strongest banks, according to The Banker magazine, Desjardins has one of the highest capital ratios and one of the highest credit ratings in the industry. In 2025, Desjardins Group is celebrating its 125th anniversary, marking more than a century of focusing its ambitions and expertise on being there for members and clients.
About Desjardins Investments Inc.
As the manager of Desjardins Funds and exchange-traded funds (ETFs), Desjardins Investments Inc. is one of the leading investment fund managers in Canada, with CAN$47.7 billion in assets under management as at March 31, 2025. Desjardins Investments offers a broad range of investment funds to Canadians and stands out in the industry for its roster of internationally recognized fund managers representing more than 20 portfolio management firms around the world. Desjardins Investments is also actively engaged in promoting and encouraging responsible investing in Canada.
Desjardins exchange-traded funds are not guaranteed, their value fluctuates frequently and their past performance is not indicative of their future returns. Commissions, management fees and other fees may be associated with exchange-traded fund investments. Please read the prospectus before investing. Desjardins Investments inc. is the manager of Desjardins Exchange Traded Funds. Desjardins exchange-traded funds are offered by registered dealers.
Desjardins®, all trademarks containing the word Desjardins, as well as related logos are trademarks of the Fédération des caisses Desjardins du Québec, used under licence.
SOURCE Desjardins Group