TORONTO, Sept. 16, 2015 /CNW/ - NEI Investments today announced that the level of risk associated with NEI Select Conservative Corporate Class Portfolio has been lowered from "Low to Medium" to "Low" to be consistent with the risk rating of NEI Select Conservative Portfolio, the underlying fund in which the fund invests substantially all of its assets. This change will be reflected in an amendment to the simplified prospectus and annual information form and updated Fund Facts for the fund that are expected to be dated on or about September 16, 2015.
NEI Investments follows a risk classification methodology based on the approach recommended by the Investment Funds Institute of Canada. No material changes have been made to the investment objectives, strategies or management of the NEI Select Conservative Corporate Class Portfolio.
ABOUT NEI INVESTMENTS
NEI Investments is a national investment firm with approximately $6 billion in assets under management. It offers Canadian retail investors access to experienced money managers through a wide range of investment solutions in three fund families, NEI, 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: Media contact: Colin Nekolaichuk, MAVERICK Public Relations, 416-640-5525 ext. 253, [email protected]