Desjardins Insurance is proud to announce the launch of two new funds on its group retirement savings platform on January 31, 2020. These funds, which are presented below, enhance our alternative investment offering by allowing an undiluted exposure to private global real estate and global infrastructure assets.
Invesco Global Direct Real Estate Fund
This actively managed fund aims to provide long-term total returns, including income, by investing in institutional quality, core or income real estate and real estate related rights, estates and interests located anywhere in the world. The manager puts the emphasis on properties that provide increasing and sustainable income and possess a conservative risk profile, all while favouring sustainable submarkets within the major world markets. The fund targets an annualized return of at least 4% higher than that of the Canada Consumer Price Index, over four-year moving periods.
IFM Global Direct Infrastructure Fund
This actively managed fund aims to provide long-term total returns, including income, by investing in a diversified portfolio of core infrastructure assets located in countries with established regulatory environments and a strong rule-of-law. The manager seeks to invest in assets with strong market positions, predictable regulatory environments, high barriers to entry, limited demand elasticity and long lives. The investment approach focuses chiefly on brownfield infrastructure, with a selective approach to greenfield investments. The manager takes an active investment approach in Europe and the Americas, with an opportunistic approach to other regions. The fund targets an annualized return of at least 7.5% higher than that of the Canada Consumer Price Index, over four-year moving periods.
It should be noted that these two funds, due to the nature of their underlying investments, possess specific entry and exit provisions that can be shared upon request. In addition, these funds cannot be offered on an individual basis or within a lifecycle path in the context of a capital accumulation plan. Their availability is also limited to tax-exempt plans and entities.
For more information about these new funds, please contact your client relationship manager.