Toronto-based NEI Investments, a division of Northwest & Ethical Investments LP, has launched NEI Global Strategic Yield Fund, which is designed to provide income and long-term capital appreciation through a diversified mix of yield-generating equities and income investment opportunities. The fund will focus on yield generation from four sources: investment-grade bonds; equities’ dividends; covered calls; and high-yield bonds. Daniel Solomon, NEI’s chief investment officer, and Jeremy Peng, director and portfolio manager with NEI, will manage the fund in-house. Advisor commissions are 0%-5% for front-end sales. There is no commission for the deferred sales or low-load option at the time of purchase. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 of the regular DSC schedule; or begin at 1.5% and end at zero after Year 2 for low-load 1 schedule; or begin at 3% in Year 1 and end at zero after Year 3 for the low-load 2 and 3 schedules. Trailing commissions are up to 1% for front-end sales, up to 0.5% for deferred sales, up to 1% for low-load sales option 1 and up to 0.5% during the first three years of the low-load sales options 2 and 3. Management fees are 1.75% for the A-class units and 0.75% for the F-class units. Minimum investment is $500.<\/p>\n
(fcollie@investmentexecutive.com).<\/em><\/p>\n \u00a9 2015 Investment Executive. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":" Toronto-based NEI Investments, a division of Northwest & Ethical Investments LP, has launched NEI Global Strategic Yield Fund, which is designed to provide income and long-term capital appreciation through a diversified mix of yield-generating equities and income investment opportunities. The fund will focus on yield generation from four sources: investment-grade bonds; equities’ dividends; covered calls; […]<\/p>\n","protected":false},"author":38954,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3013,3017],"tags":[],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/323399"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/38954"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=323399"}],"version-history":[{"count":1,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/323399\/revisions"}],"predecessor-version":[{"id":368238,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/323399\/revisions\/368238"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=323399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=323399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=323399"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=323399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}