Northwest & Ethical Investments L.P. announces a change to the portfolio
management of the Ethical Canadian Dividend Fund
Current co-manager QV Investors Inc. to be awarded full portfolio mandate
TORONTO and VANCOUVER, June 19 /CNW/ - The board of directors of
Northwest & Ethical Investments L.P. ("NEILP") today announced the decision to
change the portfolio management structure of the Ethical Canadian Dividend
Fund. The full mandate has been awarded to QV Investors Inc. ("QV Investors").
For the past two years QV Investors has been co-manager of the Fund with
Highstreet Asset Management Inc. The transition of the entire Portfolio over
to QV Investors will begin immediately and take approximately 1-2 weeks.
Northwest & Ethical Investments L.P. announces the closing of the
Northwest Global Growth & Income Fund
The board of directors of Northwest & Ethical Investments L.P. today
announced the decision to terminate the Northwest Global Growth & Income Fund
and Northwest Global Growth & Income Corporate Class.
In accordance with National Instrument 81-102, the Fund will be closed to
all new sales effective immediately and investors will be provided 60 day
notice of the intent to terminate the Fund. If instruction isn't provided at
the close of the 60 day period, units will be automatically transferred to the
Northwest Money Market Fund. In the case of the corporate class version, units
will be transferred to the Northwest Short Term Corporate Class.
For more information please visit www.northwestfunds.com or
About Northwest & Ethical Investments L.P.
NEILP is a national investment firm with close to $4 billion in assets
under management. In simple terms NEILP's mission is to provide high quality,
multi-brand investment solutions. The Northwest Fund and Ethical Fund product
suites provide investors with a full range of fund management styles as well
as conventional and sustainable investment choices.
NEI is owned 50% by the Provincial Credit Union Centrals and 50% by
Desjardins Group, united in their focus to strengthen and serve the
cooperative financial movement across Canada. This backing of experience and
vast resources provides economies of scale and allows NEI to actively support
business growth in these networks as well as independent advisor channels.
NEI has offices in Toronto, Vancouver and Montreal.
For further information:
For further information: John Mountain, Senior Vice President Legal, CCO
& Corporate Secretary, (416) 933-6288, firstname.lastname@example.org