Key stats
About Desjardins Absolute Return Global Equity Markets ETF
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Inception date
Oct 14, 2022
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Primary advisor
Desjardins Société de Placement, Inc.
ISIN
CA25058T1049
The fund uses proprietary investment signals to take long and short positions on equity index futures and/or ETFs. The fund selects a set of investment signals that go through historical simulations to evaluate their risk/return profiles. These signals may include factors rooted in financial, economic or behavioral analysis of the stock market. Through a multi-phase scoring process, selected signals are calculated at the market index level and normalized to standardize their respective scales. The standardized values are then combined to establish a final score for each market index. Then using an optimizer, a long/short global equity portfolio is built to maximize the total score for investment constraints, such as volatility, diversification, beta, and operations. This resulting candidate portfolio is compared to the current portfolio. Then if conditions, such as the current portfolio being overconcentrated or the current portfolio's predicted volatility, is going above low-medium risk (i.e., greater than 7.5%), a transaction basket is created to make the current portfolio positions match the candidate portfolio.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government102.18%
ETF5.04%
Cash1.78%
Miscellaneous−9.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DAMG last dividends amounted to 0.15 CAD. The quarter before, the issuer paid 0.15 CAD in dividends,
Yes, DAMG pays dividends to its holders with the dividend yield of 1.44%. The last dividend (Jan 8, 2025) amounted to 0.15 CAD. The dividends are paid quarterly.
DAMG shares are issued by Le Mouvement des caisses Desjardins under the brand Desjardins. The ETF was launched on Oct 14, 2022, and its management style is Active.
DAMG follows the Scotiabank Canadian Hedge Fund Index Equal-Weighted - CAD - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DAMG invests in bonds.
DAMG trades at a premium (0.32%) meaning the ETF is trading at a higher price than the calculated NAV.