Northwest & Ethical Investments L.P. completes fund mergers

TORONTO and VANCOUVER, Oct. 26 /CNW/ - Northwest & Ethical Investments L.P. ("NEI") is proud to announce the completion of its mutual fund mergers and rationalization project, which was publicly announced on September 4, 2009. This undertaking included the merger of 18 funds and the implementation of fixed administration fees for most of NEI's mutual fund line-up.

The fund mergers and proposed fixed administration fees were approved by securityholders on October 14 and 15, 2009. With the fund mergers, which became effective after the close of business Friday, October 23, 2009, NEI has streamlined and simplified its line-up while continuing to offer a comprehensive selection of conventional and socially responsible funds.

The following fund mergers and name changes have taken place:

    
    -------------------------------------------------------------------------
    Terminating Fund              Continuing Fund      Fund Name Changes
    -------------------------------------------------------------------------
    Northwest Canadian Bond Fund  Ethical Income Fund  NEI Canadian Bond Fund
    -------------------------------------------------------------------------
    Northwest Quadrant            Credential Select    Northwest Select
     Conservative Portfolio        Conservative         Conservative
                                   Portfolio            Portfolio
    -------------------------------------------------------------------------
    Northwest Quadrant Income     Credential Select    Northwest Select
     Portfolio                     Conservative         Conservative
                                   Portfolio            Portfolio
    -------------------------------------------------------------------------
    Northwest Quadrant Growth     Northwest Quadrant   Northwest Select
     Portfolio                     Balanced Growth      Global Growth
                                   Portfolio            Portfolio
    -------------------------------------------------------------------------
    Northwest Quadrant Global     Northwest Quadrant   Northwest Select
     Growth Portfolio              Balanced Growth      Global Growth
                                   Portfolio            Portfolio
    -------------------------------------------------------------------------
    Northwest Quadrant Global     Credential Select    Northwest Select
     Equity Portfolio              High Growth          Global Maximum Growth
                                   Portfolio            Portfolio
    -------------------------------------------------------------------------
    Northwest Quadrant All        Credential Select    Northwest Select
     Equity Portfolio              High Growth          Global Maximum Growth
                                   Portfolio            Portfolio
    -------------------------------------------------------------------------
    Ethical Monthly Income Fund    Ethical Balanced        ----------
                                    Fund
    -------------------------------------------------------------------------
    Ethical Canadian Index Fund    Ethical Growth Fund     ----------
    -------------------------------------------------------------------------
    Ethical Canadian Stock Fund    Ethical Growth Fund     ----------
    -------------------------------------------------------------------------
    Ethical Advantage 2015 Fund    Ethical Advantage   Ethical Select
                                    2010 Fund           Conservative
                                                        Portfolio
    -------------------------------------------------------------------------
    Ethical Advantage 2020 Fund    Ethical Advantage   Ethical Select
                                    2010 Fund           Conservative
                                                        Portfolio
    -------------------------------------------------------------------------
    Ethical Advantage 2030 Fund    Ethical Advantage   Ethical Select
                                    2010 Fund           Conservative
                                                        Portfolio
    -------------------------------------------------------------------------
    Ethical Advantage 2040 Fund    Ethical Advantage   Ethical Select
                                    2010 Fund           Conservative
                                                        Portfolio
    -------------------------------------------------------------------------
    Credential Money Market Fund   Northwest Money     NEI Money Market Fund
                                    Market Fund
    -------------------------------------------------------------------------
    Northwest Quadrant Growth      Northwest Quadrant  Northwest Select
     Corporate Class Portfolio      Balanced Growth     Global Growth
                                    Corporate Class     Corporate Class
                                    Portfolio           Portfolio
    -------------------------------------------------------------------------
    Northwest Quadrant Global      Northwest Quadrant  Northwest Select
     Growth Corporate Class         Balanced Growth     Global Growth
     Portfolio                      Corporate Class     Corporate Class
                                    Portfolio           Portfolio
    -------------------------------------------------------------------------
    Northwest Quadrant All Equity  Northwest Quadrant  Northwest Select
     Corporate Class Portfolio      Global Equity       Global Maximum Growth
                                    Corporate Class     Corporate Class
                                    Portfolio           Portfolio
    -------------------------------------------------------------------------
        ----------                 Credential Select   Northwest Select
                                    Balanced Portfolio  Canadian Balanced
                                                        Portfolio
    -------------------------------------------------------------------------
        ----------                 Credential Select   Northwest Select
                                    Growth Portfolio    Canadian Growth
                                                        Portfolio
    -------------------------------------------------------------------------
        ----------                 Northwest Quadrant  Northwest Select
                                    Balanced Portfolio  Global Balanced
                                                        Portfolio
    -------------------------------------------------------------------------
    

For more information please visit www.northwestethical.com.

About Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. (NEI) is a national investment firm with close to $4 billion in assets under management. In simple terms, NEI's mission is to provide high quality, unique investment solutions. The Northwest Funds and Ethical Funds 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.

SOURCE Northwest & Ethical Investments LP

For further information: For further information: John Mountain, Senior Vice President Legal, CCO & Corporate Secretary, Phone: (416) 594-6633; Media Contact: Erika Callowhill, AVP, Marketing and Corporate Communications, E-mail: mediarelations@northwestethical.com, Phone: (604) 742-8311

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