TORONTO, Sept. 29, 2014 /CNW/ - NEI Investments ("NEI") today announced the successful launch of Montreal-based Addenda Capital Inc. ("Addenda") as sub-advisor to the NEI Ethical International Equity Fund. With over $24 billion in AUM for institutional and private wealth clients, the Addenda international team brings an incredible 10 year track record of successful investing in international equities. The fund will begin utilizing Addenda's unique international equity investment philosophy focused on high conviction sustainable earnings growth, aiming to achieve long term capital growth.
NEI also announced a reduction in fees for the NEI Ethical International Equity Fund effective today.
"The ability to select high quality portfolio managers and deliver their value-add at a competitive price point is a critical component to our NEI value proposition," said Daniel Solomon, Chief Investment Officer.
Management fees for Series A of the NEI Ethical International Equity Fund change from 2.10% to 2.00% and from 1.10% to 1.00% for Series F. The fixed administration fee for the Fund changes from 0.55% to 0.50%.
NEI reopens the NEI Northwest Tactical Yield Corporate Class
Effective today, NEI Investments reopened NEI Northwest Tactical Yield Corporate Class to new purchases. This mandate seeks to deliver solid performance through all types of markets on both an absolute basis and relative to its category peers . The reopening of the fund allows investors to benefit from this multi-faceted investment, while also offering the general advantages the corporate structure provides.
About NEI Investments
NEI Investments is a national investment firm with over $6 billion in assets under management. It offers Canadian retail investors unique access to top independent money managers through high quality investment solutions in two fund families, Northwest Funds and Ethical Funds. Its products provide investors with a full range of investment management styles as well as conventional and socially responsible investment choices.
NEI Investments is owned 50% by the Provincial Credit Union Centrals and 50% by Desjardins Group. This backing of experience and resources allows NEI Investments to actively support business growth in these networks as well as independent advisor channels. NEI Investments has offices in Toronto, Vancouver and Montreal.
SOURCE: NEI Investments
For further information: Colin Nekolaichuk, MAVERICK, 416-640-5525 ext. 253, firstname.lastname@example.org