DESJARDINS ABSOLUT RTURN GLO EQT MK HEDGED UNITDESJARDINS ABSOLUT RTURN GLO EQT MK HEDGED UNITDESJARDINS ABSOLUT RTURN GLO EQT MK HEDGED UNIT

DESJARDINS ABSOLUT RTURN GLO EQT MK HEDGED UNIT

No trades
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Key stats


Assets under management (AUM)
‪40.58 M‬CAD
Fund flows (1Y)
‪−22.61 M‬CAD
Dividend yield (indicated)
1.45%
Discount/Premium to NAV
0.1%
Shares outstanding
‪1.98 M‬
Expense ratio

About DESJARDINS ABSOLUT RTURN GLO EQT MK HEDGED UNIT


Issuer
Le Mouvement des caisses Desjardins
Brand
Desjardins
Inception date
Oct 14, 2022
Structure
Canadian Mutual Fund Corporation (ON)
Index tracked
Scotiabank Canadian Hedge Fund Index Equal-Weighted - CAD - Benchmark TR Net
Management style
Active
Dividend treatment
Distributes
Primary advisor
Desjardins Société de Placement, Inc.
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.

Broaden your horizons with more funds linked to DAMG via country, focus, and more.

Classification


Asset Class
Alternatives
Category
Hedge fund strategies
Focus
Long/short
Niche
Long/short
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Government
Bonds, Cash & Other100.00%
Government102.18%
ETF5.04%
Cash1.78%
Miscellaneous−9.00%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
DAMG trades at 20.62 CAD today, its price has fallen −0.15% in the past 24 hours. Track more dynamics on DAMG price chart.
DAMG net asset value is 20.60 today — it's risen 0.76% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
DAMG assets under management is ‪40.58 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
DAMG price has risen by 2.64% over the last month, and its yearly performance shows a −0.87% decrease. See more dynamics on DAMG price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.69% increase in three-month performance and has increased by 0.48% in a year.
DAMG fund flows account for ‪−22.61 M‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
DAMG invests in bonds. See more details in our Analysis section.
No, DAMG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, DAMG technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating DAMG shows the strong buy signal. See more of DAMG technicals for a more comprehensive analysis.
Yes, DAMG pays dividends to its holders with the dividend yield of 1.45%.
DAMG trades at a premium (0.10%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
DAMG shares are issued by Le Mouvement des caisses Desjardins
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.
The fund started trading on Oct 14, 2022.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.