TORONTO, April 8, 2015 /CNW/ - NEI Investments ("NEI") today announced proposed changes to the investment objectives of two of its mutual funds, subject to unitholder approval.
Unitholders of NEI Select Canadian Growth Portfolio and NEI Select Canadian Balanced Portfolio will be asked to approve changes to the fundamental investment objectives of these Funds at special meetings of unitholders to be held on or about June 1, 2015. The proposed changes would allow the Funds to invest 100% of their property in foreign securities. If unitholders approve the proposed changes, the names of the Funds will be renamed "NEI Select Growth Portfolio" and "NEI Select Balanced Portfolio", respectively.
Full details of the proposed changes to the fundamental investment objectives of each Fund will be contained in a notice of meetings and Management Information Circular to be provided to unitholders of record as at April 15, 2015. It is anticipated that the changes in the fundamental investment objectives will become effective on or about June 8, 2015. The notice of meetings and Management Information Circular will also be available on SEDAR at www.sedar.com.
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: Media contact: Colin Nekolaichuk, MAVERICK Public Relations, 416-640-5525 ext. 253, [email protected]