TORONTO, June 27,
2024 /CNW/ - NEI Investments ("NEI") has announced
its updated prospectus changes that includes an expansion of its
fund offering with the launch of a new global equity fund, the NEI
Global Corporate Leaders Fund, and modifications to its
exclusionary screening program.
New NEI Global Corporate Leaders Fund
The new NEI Global Corporate Leaders Fund (the "Fund") seeks to
achieve long-term capital growth by investing primarily in equity
and equity-related securities of companies that provide products
and services benefitting society, including housing, education and
health.
The Fund includes businesses that demonstrate a strong corporate
culture that have often been correlated with stock price
outperformance, including low employee turnover, gender-diverse
leadership and inclusive business practices. The Fund's investment
process selects companies that are positioned to deliver long-term
investment growth.
This Fund is sub-advised by Impax Asset Management, a globally
renowned investment manager dedicated to investing in the
transition to a more sustainable economy.
"The new Global Corporate Leaders Fund is amongst the first of
its kind in Canada," said
John Bai, SVP and Chief Investment
Officer. "We are proud to be collaborating with Impax's global
expertise as we believe this fund combines proprietary corporate
culture metrics and long-term social trends, two areas that the
market has underestimated as investment opportunities."
Modification of exclusionary screens
Effective June 28th, 2024,
NEI will remove the following exclusions from its screening
program: gambling, fossil fuels, and nuclear
power.
NEI is also clarifying in its prospectus that in addition to
excluding companies with sustained revenues over ten per cent
generated from the distribution of automatic or semi-automatic
weapons intended for civilian use, it also excludes companies with
sustained revenues over ten per cent generated from the manufacture
of military weapon systems and/or tailor-made components for those
systems. This is not a new exclusion.
The removal of the exclusionary screens does not mean companies
in those industries will necessarily enter the affected funds.
Companies that would have been excluded due to the screens will now
go through our long-standing evaluation process in order to be
permitted to enter the relevant fund. If a company in one of these
industries does not meet our standards, it will be deemed
ineligible for investment. All other exclusions remain the
same.
For more information, please consult the 2024 NEI Simplified
Prospectus.
About NEI
Part of the asset management arm of Aviso, one of Canada's leading wealth services suppliers,
NEI Investments holds over $11
billion in asset under management. NEI adopts a
differentiated approach to achieving investment returns for
Canadians, leveraging a unique structure that includes a global
network of money managers, proprietary investment management and
asset allocation and a dedicated responsible investing team. This
structure is designed to optimally respond to the dynamics of our
changing world, uncover unique investment opportunities, and
deliver a broad array of investment outcomes with financial growth
at the core.
About Aviso
Aviso is a leading wealth services provider for the Canadian
financial industry, with approximately $130 billion in
total assets under administration and management. We're building a
technology-enabled, client-centric wealth management ecosystem. Our
clients include our partners, advisors and investors. We're a
trusted partner for nearly all credit unions across Canada, in
addition to a wide range of portfolio managers, investment dealers,
insurance and trust companies, and introducing brokers. Our
partners depend on Aviso for specific solutions that give them a
competitive edge in a rapidly evolving, highly competitive
industry. Our dual-registered investment and mutual fund dealer and
our insurance services support thousands of investment advisors.
Our asset manager oversees a growing lineup of investment
solutions, including NEI funds and portfolios, and separately
managed accounts with our Managed Assets Program. Our online
brokerage, Qtrade Direct Investing®, empowers self-directed
investors, and our fully automated investing service, Qtrade Guided
Portfolios®, serves investors who prefer a hands-off approach.
Aviso Correspondent Partners provides custodial and carrying broker
services to a wide range of firms. Aviso is backed by the
collective strength of our owners: the credit union Centrals,
Co-operators/CUMIS, and Desjardins. We're proud to power businesses
that empower investors. For more information visit aviso.ca.
Aviso Wealth Inc. ('Aviso') is a wholly owned subsidiary of
Aviso Wealth LP, which in turn is owned 50% by Desjardins Financial
Holding Inc. and 50% by a limited partnership owned by the five
Provincial Credit Union Centrals and The CUMIS Group Limited. The
following entities are subsidiaries of Aviso: Aviso Financial Inc.
(including divisions Aviso Wealth, Qtrade Direct Investing, Qtrade
Guided Portfolios, Aviso Correspondent Partners), Aviso Insurance
Inc., Credential Insurance Services Inc. and Northwest &
Ethical Investments L.P. Aviso Correspondent Partners is a division
of Aviso Financial Inc., which is a wholly owned subsidiary of
Aviso Wealth Inc. Online brokerage services are offered through
Qtrade Direct Investing. Mutual funds and other securities are
offered through Aviso Wealth. Qtrade Direct Investing, Qtrade
Guided Portfolios and Aviso Wealth are divisions of Aviso Financial
Inc. Aviso and Aviso Wealth are registered trademarks of Aviso
Wealth Inc. NEI Investments is a registered trademark of Northwest
& Ethical Investments L.P. Qtrade Direct Investing and Qtrade
Guided Portfolios are trade names and registered trademarks of
Aviso and its subsidiaries.
Commissions, trailing commissions, management fees and expenses
all may be associated with mutual fund investments. Please read the
prospectus before investing. Mutual funds are not guaranteed, their
values change frequently and past performance may not be
repeated
NEI Investments is a registered trademark of Northwest &
Ethical Investments L.P. ("NEI LP"). Northwest & Ethical
Investments Inc. is the general partner of NEI LP and a
wholly-owned subsidiary of Aviso Wealth Inc. ("Aviso"). Aviso is
the sole limited partner of NEI LP. Aviso is a wholly-owned
subsidiary of Aviso Wealth LP, which in turn is owned 50% by
Desjardins Financial Holding Inc. and 50% by a limited partnership
owned by the five Provincial Credit Union Centrals and The CUMIS
Group Limited.
SOURCE NEI Investments