NEI Funds Adopts Responsible Screens

Kindred pleased with new policy

November 15, 2018 – Kindred Credit Union (Kindred) is pleased to announce that Aviso Wealth Inc. (Aviso) has adopted a more stringent responsible investing screening policy for their NEI RS (Responsible Screens) funds. This news was announced in an NEI (Northwest & Ethical Investments L.P.) press release on November 12.

After the merger that created Aviso, Kindred had advocated for the new NEI Funds to adopt gambling, pornography, and military weapons screens similar to those successfully employed by the legacy Meritas Funds. Kindred is very pleased with this new policy and we feel that our commitment to this issue on behalf of our members has resulted in an outcome that we can all be proud of.

Effective immediately, NEI is making three changes to its Responsible Investment Policy:

1) Changing the application of responsible screens used by funds designated with "RS" in their name, as well as select other funds in the NEI lineup, to exclude companies with specific types of involvement in gambling and pornography, in addition to pre-existing screens on tobacco, nuclear power, and weapons.
 
2) Expanding the breadth of the existing NEI weapons screen.
 
3) Adding impact investing as a distinct responsible investment approach.
 
Details of these changes can be found in NEI's Responsible Investment Policy.

For additional information, please call or visit your local branch and speak with a member of Kindred’s Investment Team.
 
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