Northwest Mutual Funds introduces Corporate Class Funds and expansion of the Northwest Quadrant Portfolios



    TORONTO, Nov. 1 /CNW/ - Northwest Mutual Funds Inc. ("Northwest") today
announced a significant expansion of their product offerings with the
introduction of Northwest Corporate Class Funds and three new Northwest
Quadrant Portfolios. These additions, available for sale on November 1, 2007,
contribute further depth to Northwest's diverse menu of investments.
    The Northwest Corporate Class Funds are a suite of fifteen investments
across a wide variety of market sectors (see chart below) that have been
introduced in response to investors' increased demand for more tax-efficient
investment options.
    The Northwest Quadrant Portfolios have been expanded and enhanced to
provide investors with multiple options based on their investment profile. In
addition to the five existing portfolios, Northwest today launches the
Northwest Quadrant Balanced Portfolio, the Northwest Quadrant Growth Portfolio
and the Northwest Quadrant Global Equity Portfolio. Other changes include the
renaming of two existing Portfolios: the Northwest Quadrant Monthly Income
Portfolio becomes the Northwest Quadrant Income Portfolio and the Northwest
Quadrant Growth & Income Portfolio becomes the Northwest Quadrant Balanced
Growth Portfolio. The suite of eight Quadrant Portfolios (see chart below) are
all comprised exclusively of Northwest Funds and managed by Northwest's elite
roster of sub-advisors.
    "Over the past several years, Northwest has been one of the fastest
growing mutual fund companies in Canada," said Michael Butler, President and
C.O.O of Northwest. "The expansion of our product lines is simply a natural
progression in response to demand from our growing network of advisors and
unitholders."
    With this announcement, Northwest investors now have access to the
Northwest Core and Specialty Funds, Northwest Quadrant Portfolios and
Northwest Corporate Class Funds. The announcement also coincides with the
celebration of Northwest's tenth anniversary.
    Continued Butler, "The past ten years have been a great success in terms
of growth, performance and the evolution of our company. But we look at it as
just the beginning of our ascent towards the top of the industry.

    About Northwest

    With approximately $3 billion in assets under administration, Northwest
is Canada's premiere boutique mutual fund company, and one of the fastest
growing firms in the industry. Northwest is wholly owned by the Desjardins
Group, Canada's largest integrated financial cooperative group. Northwest has
offices in Toronto, Montreal and Vancouver. The Northwest Funds are
distributed solely through MFDA and IDA licensed advisors.
    On September 19, a 50/50 partnership between Canada's Provincial Credit
Union Centrals and Desjardins Group was announced, primarily aimed at
increasing the growth rate of The Ethical Funds Company (Ethical Funds) and
Northwest Mutual Funds Inc. (Northwest Funds) through enhanced distribution of
both firms products. With some combined $5.5 billion in assets under
management, the company will be well positioned to become one of the fastest
growing mutual fund companies in the country.

    Northwest Quadrant Portfolios

    Northwest Quadrant Conservative Portfolio
    Northwest Quadrant Income Portfolio (formerly the Northwest Quadrant
    Monthly Income Fund)
    Northwest Quadrant Balanced Portfolio (new)
    Northwest Quadrant Balanced Growth Portfolio (formerly the Northwest
    Quadrant Growth & Income Fund)
    Northwest Quadrant Growth Portfolio (new)
    Northwest Quadrant Global Growth Portfolio
    Northwest Quadrant Global Equity Portfolio (new)
    Northwest Quadrant All Equity Portfolio

    Northwest Corporate Class Funds (new)

    Northwest Short Term Corporate Class
    Northwest Canadian Dividend Corporate Class
    Northwest Canadian Equity Corporate Class
    Northwest U.S. Equity Corporate Class
    Northwest EAFE Corporate Class
    Northwest Global Equity Corporate Class
    Northwest Global Growth & Income Corporate Class
    Northwest Growth & Income Corporate Class
    Northwest Specialty Equity Corporate Class
    Northwest Specialty Innovations Corporate Class
    Northwest Quadrant Balanced Growth Corporate Class Portfolio
    Northwest Quadrant Growth Corporate Class Portfolio
    Northwest Quadrant Global Growth Corporate Class Portfolio
    Northwest Quadrant Global Equity Corporate Class Portfolio
    Northwest Quadrant All Equity Corporate Class Portfolio





For further information:

For further information: For interviews with Michael Butler please
contact: Paul Saunders, Marketing Director, Northwest Mutual Funds, (416)
594-6633 x210, psaunders@northwestfunds.com

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NORTHWEST MUTUAL FUNDS INC.

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