NEI Files First ETFs With Global Bonds and Three Risk-Based Portfolios

NEI (Northwest & Ethical Investments) has filed for four ETFs, marking its planned entry into the ETF market. The NEI Global Short-Term Bond Fund – ETF Series (NESB) will use a responsible-investing approach across developed- and emerging-market fixed income and charge a 0.35% management fee. Three multi-asset portfolios—the NEI Conservative Income ETF Portfolio (NECP), NEI Balanced ETF Portfolio (NEBP) and NEI Growth ETF Portfolio (NEGP)—target roughly 40/60, 60/40 and 85/15 equity/fixed-income allocations, respectively. Each charges 0.15% and may use Vanguard Canada ETFs and NEI-managed funds.