Desjardins Expands Actively Managed ETF Lineup with Three New Funds
Event summary
- Desjardins Investments launched three actively managed ETFs on June 29, 2026: DACU (Canadian bonds), DACL (Canadian equities), and DAGL (global opportunities).
- The funds began trading on the TSX with management fees ranging from 0.30% to 0.54%.
- Desjardins Global Asset Management (DGAM) will actively manage all three ETFs.
- As of March 31, 2026, Desjardins Group had $524.3 billion in assets and Desjardins Investments managed $56.7 billion in AUM.
The big picture
Desjardins is expanding its ETF offerings to capture growing demand for actively managed solutions in Canada's $2.5 trillion ETF market. The launch positions the cooperative financial group as a direct competitor to traditional asset managers, leveraging its existing AUM and investment expertise. This move aligns with industry trends toward customizable portfolio construction tools for both retail and institutional investors.
What we're watching
- Competitive Positioning
- How Desjardins' new ETFs will compete with existing actively managed funds from BlackRock and Vanguard in the Canadian market.
- Performance Differentiation
- Whether DGAM's active management strategies can deliver alpha across these three distinct asset classes.
- Market Adoption
- The pace at which advisors and institutional investors incorporate these ETFs into diversified portfolios.
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