TORONTO, March 26, 2026 /CNW/ – NEI Investments (“NEI”) announced today that at a special meeting of unitholders held on March 25, 2026, applicable unitholders approved the merger of NEI Global Growth Fund into NEI Global Equity RS Fund. Alongside this merger, NEI also announced a change to the benchmark for NEI Global Dividend RS Fund. These updates reflect NEI’s ongoing commitment to streamlining fund offerings and optimizing investment solutions for unitholders.
NEI Global Growth Fund merger
On or about April 10, 2026, NEI will merge NEI Global Growth Fund into NEI Global Equity RS Fund, and the sub-advisor agreement between NEI and Baillie Gifford Overseas Limited will terminate. NEI Global Growth Fund was closed to new and subsequent purchases as of 4:00pm Eastern Time on March 25, 2026.
As part of this transition, effective on or around April 1, 2026, NEI will decrease management and fixed administration fees across all retail series units of NEI Global Equity RS Fund, delivering cost savings to investors, as detailed below:
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NEI Global Equity RS Fund |
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|
Series |
Current |
New Management |
Current Fixed |
New Fixed |
|
A |
1.90 |
1.70 |
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