Fondaction shares are at $15.24 and have therefore risen slightly in the last half of the year

The Fondaction mutual fund’s share price was $15.24, up $0.14 in the six months to November 30, while shareholder returns rose 0.9%.

Calculated on the value of his share, Fondaction’s total return increases to 1.6% over 1 year, 2.7% over 3 years, 5.2% over 5 years and 4.6% over 10 years, depending on which one The number of fund contributors increased by 1.4% to 217,888 shareholders.

These tax returns do not take into account the tax credits that can be granted to taxpayers when subscribing to Fondaction shares, the investment fund CSN said in a press release on Friday.

At the end of the relevant half-year, Fondaction’s net assets increased by $157 million to $3.5 billion, while share repurchases amounted to $85.4 million, an increase of $10.4 million compared to the same period in the previous financial year.

The gross return on development capital investments in the same financial year was 0.8%, while other investments in the financial markets generated a gross return of 3.5%.

“Since its inception, Fondaction has been guided by the belief that finance can provide a powerful, positive and sustainable lever for transformation,” said Geneviève Morin, President and CEO of Fondaction.

The workers’ fund of the Confédération des syndicats nationaux (CSN) takes into account the context of geopolitical uncertainties and rising interest rates in its investment strategy.

“The companies that will prove to be the most resilient from a global perspective [à] “Long term are those that first integrate a broader approach to risks and opportunities and participate in the positive transformation of the economy,” noted Ms. Morin.


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