Alternative Investments: Desjardins Launches New Long-Short Alternative ETF

October 17, 2022 | Alternative Investments, News

The objective of the fund is to maximize returns with controlled volatility and while maintaining a low correlation to traditional asset classes.

Desjardins Global Asset Management Inc announced the launch of the new Desjardins Alt Long/Short Global Equity Markets ETF comprising two classes of units, the CA$ hedged units (“DAMG”) and the US$ hedged units (“DAMG.U”). The ETF, which joined the Desjardins Alternative ETFs line-up, began trading on the Toronto Stock Exchange with effect from October 14. (Cision Newswire Canada)

Desjardins Alt Long/Short Global Equity Markets ETF

Desjardins offers a second actively managed alternative ETF whose strategy seeks to achieve positive returns in both positive and negative market conditions by investing primarily in long and short positions on global equity market indices through futures and ETFs.

Seeking to gain positive gains in both positive or negative market conditions, the ETF invests in long and/or short positions on equity index futures throughout the world and/or equity index ETFs listed in Canada or in the United States, treasury bills, money market instruments or other equivalent short term debt securities.

The management fee for both classes of the ETF is 1%.

A part of the $404.1 billion Desjardins Group, Desjardins Global Asset Management is one of Canada’s largest asset managers with AUM of over $76 billion as of June 30, 2022.

Related Story: Leatherback Asset Management Launches Its First ETF

Photo by Tyler Prahm on Unsplash

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