Montreal-based Addenda Capital has become a sub-advisor to the NEI Ethical International Equity Fund.
With over USD24 billion in AUM for institutional and private wealth clients, the Addenda international team brings a 10 year track record of investing in international equities.
The fund will begin using Addenda's international equity investment philosophy focused on high conviction sustainable earnings growth, aiming to achieve long term capital growth.
NEI has also reduced the fees for the NEI Ethical International Equity Fund.
Management fees for Series A of the NEI Ethical International Equity Fund change from 2.10 per cent to 2.00 per cent and from 1.10 per cent to 1.00 per cent for Series F. The fixed administration fee for the fund changes from 0.55 per cent to 0.50 per cent.
Effective immediately, NEI Investments has reopened NEI Northwest Tactical Yield Corporate Class to new purchases. This mandate seeks to deliver solid performance through all types of markets on both an absolute basis and relative to its category peers.