NEI Investments receives approval to change fund objectives for the Northwest Specialty Innovations Fund

TORONTO, May 30, 2012 /CNW/ - NEI Investments ("NEI") is proud to announce that it has received security holder approval to change the fund objectives on the Northwest Specialty Innovations Fund and Northwest Specialty Innovations Corporate Class. The changes were approved by a majority of votes cast at a vote held May 29, 2012.

Currently closed to new purchases, NEI intends to reopen the Funds in July 2012 with OtterWood Capital Management Inc. as sub advisor.  The Funds will also be renamed Northwest Macro Canadian Equity Fund and Northwest Macro Canadian Equity Corporate Class.

ABOUT NEI INVESTMENTS

NEI Investments is a national investment firm with approximately $5 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.

Nadia Araujo
MAVERICK Public Relations
416-640-5525 ext. 233
[email protected]