NEI Investments

What NEI Investments does

NEI Investments is a Canadian mutual fund manager operating as a registered trademark of Northwest & Ethical Investments L.P., with Northwest & Ethical Investments Inc. as the general partner, itself a wholly-owned subsidiary of Aviso Wealth Inc. The ultimate parent, Aviso Wealth LP, is 50% owned by Desjardins Financial Holding Inc. and 50% by a limited partnership owned by the five Provincial Credit Union Centrals and The CUMIS Group Limited, making NEI 100% Canadian-owned. Headquartered at 151 Yonge St., Toronto, the firm manages approximately $14 billion in assets as of December 31, 2025, distributed exclusively through Canadian financial advisors and the Credit Union channel to Canadian residents.

The firm operates a multi-manager, platform-plus-sub-advisor model. NEI's in-house team performs top-down asset allocation, portfolio construction, and sub-advisor due diligence, while day-to-day investment management is delegated to a curated roster of global and boutique managers including Wellington Management, Impax Asset Management, Picton Mahoney, Addenda Capital, Ecofin (Redwheel), Robeco, Numeric Investors, Federated Hermes, Principal Asset Management, Letko Brosseau, Lincluden, QV Investors, and Maj Invest. The product lineup spans Canadian, U.S., international, emerging markets, and global equity funds; investment grade, high yield, impact, and money market fixed income funds; balanced and multi-asset solution portfolios (NEI Select RS, Private, Impact); and a single alternatives offering (NEI Long Short Equity Fund). Multiple fund series (A, F, I, P, PF, O, M) serve retail, fee-based, and institutional client types.

NEI generates revenue primarily through recurring management fees, trailing commissions, and fixed administration fees on its mutual fund lineup. The firm differentiates on true active management, disciplined risk processes, and a UN PRI-aligned responsible investing platform that includes climate strategy, active ownership, proxy voting, and dedicated impact funds. Distribution is sales-led through financial advisors (including registered advisors, assistants, branch managers, and analysts) and the Credit Union channel, supported by an advisor dashboard, CE credit programs, webinars, and live events. Recent strategic activity has centered on portfolio rationalization: the April 2026 merger of NEI Global Growth Fund into NEI Global Equity RS Fund, accompanied by a fee reduction and three sub-advisor transitions (Robeco for Emerging Markets, Numeric for International Equity, Federated Hermes absorbing the Global Growth strategy).

Name

NEI Investments

Legal name

Northwest & Ethical Investments L.P.

Website

https://neiinvestments.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

NEI Investments is a Canadian mutual fund manager that operates a multi-manager platform, partnering with global and boutique sub-advisors across equity, fixed income, balanced, and ESG strategies. It distributes approximately $14 billion in AUM exclusively through Canadian financial advisors and the Credit Union channel.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ)

akta.pro secondary industries

Sustainable/ESG Equity (Active) (FSAAAIAM), Fixed Income Mutual Funds (FSAAAEAB), Global Equity (Active) (FSAAAIAD), International/Ex-U.S. Developed Equity (Active) (FSAAAIAE)

Keywords

• Mutual fund management
• Active asset management
• Responsible investing
• Multi-manager portfolios
• ESG investment solutions

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Mutual Fund Management: NEI Investments generates revenue through management fees charged on its lineup of mutual funds. The company operates a multi-manager model, partnering with global and boutique investment management firms to manage funds for individuals and institutions.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

NEI Investments manages and distributes a lineup of mutual funds and multi-asset portfolio solutions for Canadian investors. The firm operates a multi-manager platform, partnering with global and boutique sub-advisors, and offers funds across fixed income, balanced, equity, multi-asset, and alternatives with a focus on active management and responsible investing.

Product overview

NEI Investments is a Canadian asset management firm offering a comprehensive lineup of mutual funds across multiple asset classes and investment strategies. The firm operates a platform-plus-sub-advisor model, partnering with both global and boutique investment management firms. The product suite includes equity funds (Canadian, U.S., international, emerging markets, global), fixed income funds (bonds, high yield, impact bonds), balanced funds, multi-asset solutions (NEI Select RS Portfolios, NEI Private Portfolios, NEI Impact Portfolios), and alternative investments (NEI Long Short Equity Fund). Many products emphasize responsible investing and ESG integration, with dedicated impact funds managed by specialists like Impax Asset Management, Wellington Management, and Ecofin (Redwheel). Fund series include A, F, I, P, PF, O, and M to serve different investor types.

Differentiator

Problem solved

Functional benefit

Products and services

• NEI Environmental Leaders Fund
• NEI Global Total Return Bond Fund
• NEI Global Corporate Leaders Fund
• NEI Clean Infrastructure Fund
• NEI Global Impact Bond Fund
• NEI Canadian Impact Bond Fund
• NEI Global Sustainable Balanced Fund
• NEI Global High Yield Bond Fund
• NEI Select RS Portfolios
• NEI Private Portfolios
• NEI Impact Portfolios
• NEI Long Short Equity Fund
• NEI Canadian Equity Fund
• NEI Canadian Dividend Fund
• NEI International Equity RS Fund
• NEI Emerging Markets Fund
• NEI Global Value Fund
• NEI Canadian Bond Fund
• NEI Money Market Fund
• NEI Conservative Yield Portfolio
• NEI Growth & Income Fund
• NEI Canadian Small Cap Equity Fund
• NEI ESG Canadian Enhanced Index Fund
• NEI Global Equity RS Fund
• NEI Global Dividend RS Fund
• NEI Canadian Equity RS Fund
• NEI U.S. Equity RS Fund
• NEI Managed Asset Allocation Pool

Quantifiable outcome

• NEI Global Total Return Bond Fund won LSEG Lipper Fund Award Canada 2025 for best 10-year performance in Global Core Plus Fixed Income category, selected from 17 funds

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Numeric Investors LLCcoreStrategic or Co-development Partner · 10 April 2026Numeric Investors LLC assumed management of the NEI International Equity RS Fund. Numeric specializes in quantitative investment strategies including long-only and alternative equity strategies, using a disciplined, systematic approach combining proprietary models and advanced data science.
• Federated Hermes, Inc.coreStrategic or Co-development Partner · 10 April 2026Federated Hermes became the sub-advisor for the NEI Global Equity RS Fund after the merger of NEI Global Growth Fund into NEI Global Equity RS Fund. Federated Hermes is a global investment manager with expertise in responsible investing.
• Robeco Institutional Asset Management B.V.coreStrategic or Co-development Partner · 16 January 2026Robeco Institutional Asset Management B.V. assumed the role of portfolio sub-advisor for the NEI Emerging Markets Fund effective January 16, 2026. Robeco is a global asset manager founded in 1929 with headquarters in Rotterdam, Netherlands, with $395.8 billion in assets under management as of June 30, 2025.
• Impax Asset ManagementcoreStrategic or Co-development PartnerImpax Asset Management sub-advises the NEI Environmental Leaders Fund, a nearly 10-year-old sustainability-focused fund targeting companies with secular environmental growth drivers, competitive advantages, and attractive valuation. Impax also sub-advises the NEI Global Sustainable Balanced Fund.
• Wellington ManagementcoreStrategic or Co-development PartnerWellington Management sub-advises the NEI Global Impact Bond Fund. With more than $1.6 trillion in client assets under management, Wellington serves clients in more than 60 countries and has developed a proprietary impact framework focused on three broad impact categories and 11 investable impact themes.
• Ecofin Team (Redwheel)coreStrategic or Co-development PartnerEcofin Advisors, LLC (now part of Redwheel at RWC Asset Management LLP) sub-advises the NEI Clean Infrastructure Fund. Ecofin focuses on sustainable investments that deliver strong risk-adjusted returns while making a positive impact on the environment and society.
• Addenda CapitalcoreStrategic or Co-development PartnerAddenda Capital sub-advises the NEI Canadian Impact Bond Fund, a core investment grade Canadian bond fund with measurable ESG impact.
• Baillie Gifford Overseas LimitedminorStrategic or Co-development PartnerBaillie Gifford Overseas Limited was the sub-advisor for the NEI Global Growth Fund but will no longer serve in this role effective April 10, 2026, as the fund is being merged into the NEI Global Equity RS Fund.
• Impax Asset ManagementcoreStrategic or Co-development PartnerNEI's partnership with Impax Asset Management manages the NEI Environmental Leaders Fund, which has grown from a niche holding to a primary sustainable equity solution, having navigated market cycles including COVID, inflation, and the AI-driven rally.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mackenzie Investments: Major Canadian mutual fund manager with comprehensive lineup across asset classes, including sub-advisor-driven strategies. Competes directly with NEI in advisor-sold mutual funds and model portfolios.
• CI Global Asset Management: One of Canada's largest independent asset managers offering mutual funds, ETFs, and alternatives across similar multi-manager and multi-asset strategies. Directly competes with NEI in Canadian advisor and retail channels.
• Fidelity Investments Canada: Canadian arm of Fidelity offering actively managed mutual funds and multi-asset portfolios through financial advisors. Direct competitor in advisor channel with similar multi-manager product philosophy.
• Dynamic Funds: Canadian mutual fund manager (part of Scotiabank) offering active funds across asset classes. Directly competes with NEI in advisor-sold mutual funds in Canada.
• IG Wealth Management: Canadian wealth manager with proprietary mutual funds and multi-manager portfolios distributed through 200k+ advisors. Overlaps with NEI in advisor-sold mutual fund and portfolio solutions.

Broad incumbents

• Manulife Investment Management: Large global asset manager with significant Canadian mutual fund business across active, multi-asset, and responsible investing strategies. Competes broadly with NEI in advisor and institutional channels.
• TD Asset Management: Bank-owned asset manager offering mutual funds, ETFs, and managed solutions across active and passive strategies. Broad competitor with significant scale advantage over NEI.
• RBC Global Asset Management: Canada's largest asset manager offering mutual funds and multi-asset solutions including responsible investing suite. Largest scale competitor to NEI in advisor and institutional channels.
• BMO Global Asset Management: Bank-owned Canadian asset manager with broad mutual fund lineup including active, passive, and ESG strategies. Direct competitor to NEI in advisor distribution.

Regional players

• Desjardins Investments: In-house investment arm of Desjardins Group, a 50% owner of NEI's parent Aviso Wealth. Competes and cooperates with NEI in the Quebec and broader Canadian credit union/caisse distribution channel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/NEIinvestments
• Facebookfacebook.com/neiinvestments
• LinkedInlinkedin.com/company/nei-investments

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NEI Investments