Desjardins launches two RI ETFs

Montreal-based Desjardins Global Asset Management Inc. (DGAM) has launched two ETFs that follow a responsible investment policy.

Both Desjardins RI Emerging Markets Multifactor Low CO2 ETF (DFRE) and Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG) began trading on the Toronto Stock Exchange Thursday.

“We are pleased to offer our investors attractive growth potential while supporting the transition to a greener economy,” said Nicolas Richard, DGAM CEO, in a statement.

Desjardins RI Emerging Markets Multifactor Low CO2 ETF seeks to replicate the performance of an emerging markets index, the Scientific Beta Desjardins Emerging RI Low Carbon Multifactor Index, that employs a multifactor approach. The fund will primarily invest in large and mid-cap companies from the Scientific Beta Emerging Markets Universe while seeking to deliver a significant reduction in the weighted average carbon intensity of its portfolio relative to the cap-weighted index of the Scientific Beta Emerging Markets Universe. The management fee is 0.65%.

Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF “gives investors a rare opportunity to invest with zero exposure to the traditional energy sector (coal, gas, oil).” It seeks to replicate the performance of the Scientific Beta Desjardins Global RI Fossil Fuel Reserves Free Multifactor Index, a global markets index that employs a multifactor approach. It will primarily invest in large and mid-cap companies from the Scientific Beta Global Markets Universe while delivering a significant reduction in the carbon asset stranding risk exposure of the fund’s portfolio relative to the cap-weighted index of the Scientific Beta Global Markets Universe. The management fee is 0.60%.

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