Exclusionary screens are used by responsible investors to restrict certain types of companies from entering their portfolios. Investment managers create rules and parameters based the companies’ products or services, or because of their industry. Exclusionary screening, also called negative screening, is a common strategy in ESG investing.
Do you want to learn more about our exclusionary screens and other responsible investment strategies? Our responsible investment policy has more detail.
Responsible investment policy - Download (PDF)
The investment landscape has seen an increasing number of funds that are described as “fossil fuel free.” Despite the challenge of having multiple definitions of what that means for different funds, we recognize that investors benefit from knowing if a fund takes an exclusionary approach to fossil fuel companies.
Four of our funds exclude all companies whose primary activity involves the extraction and production of fossil fuel or owning fossil fuel reserves.
Exclusionary screening is one of NEI’s foundational responsible investment strategies. In the tables below, click anywhere in the highlighted row to visit the fund details page. You will find descriptions of the responsible investment strategies below the tables.
| Fund Name | Responsible investment strategy | Portfolio manager or sub advisor |
|---|---|---|
|
NEI Money Market Fund
|
Desjardins Global Asset Management Go to link |
| Fund Name | Responsible investment strategy | Portfolio manager or sub advisor |
|---|---|---|
|
NEI Canadian Bond Fund
|
Guardian Capital Go to link | |
|
NEI Canadian Impact Bond Fund
|
Addenda Capital Go to link | |
|
NEI Global High Yield Bond Fund
|
Principal Global Investors Go to link | |
|
NEI Global Impact Bond Fund**
|
Wellington Management Go to link | |
|
NEI Global Total Return Bond Fund**
|
Amundi Asset Management Go to link |
| Fund Name | Responsible investment strategy | Portfolio manager or sub advisor |
|---|---|---|
|
NEI Global Sustainable Balanced Fund
|
Impax Asset Management Go to link |
| Fund Name | Responsible investment strategy | Portfolio manager or sub advisor |
|---|---|---|
|
NEI Canadian Equity RS Fund
|
QV Investors Go to link | |
|
NEI Canadian Small Cap Equity RS Fund
|
QV Investors Go to link | |
|
NEI ESG Canadian Enhanced Index Fund
|
NEI Investments Go to link |
| Fund Name | Responsible investment strategy | Portfolio manager or sub advisor |
|---|---|---|
|
NEI US Equity RS Fund
|
AllianceBernstein Go to link |
| Fund Name | Responsible investment strategy | Portfolio manager or sub advisor |
|---|---|---|
|
NEI Clean Infrastructure Fund
|
Ecofin Advisors Go to link | |
|
NEI Emerging Markets Fund
|
Columbia Threadneedle Investments Go to link | |
|
NEI Environmental Leaders Fund
|
Impax Asset Management Go to link | |
|
NEI Global Dividend RS Fund
|
Amundi Asset Management Go to link | |
|
NEI Global Equity RS Fund
|
Federated Hermes Go to link | |
|
NEI Global Growth Fund
|
Baillie Gifford Go to link | |
|
NEI Global Value Fund
|
Maj Invest Go to link | |
|
NEI International Equity RS Fund
|
Addenda Capital Go to link |
| Fund Name | Responsible investment strategy | Portfolio manager or sub advisor |
|---|---|---|
|
NEI Select Income RS Portfolio
|
NEI Investments Go to link | |
|
NEI Select Income & Growth RS Portfolio
|
NEI Investments Go to link | |
|
NEI Select Balanced RS Portfolio
|
NEI Investments Go to link | |
|
NEI Select Growth & Income RS Portfolio
|
NEI Investments Go to link | |
|
NEI Select Growth RS Portfolio
|
NEI Investments Go to link | |
|
NEI Select Maximum Growth RS Portfolio
|
NEI Investments Go to link |
| Fund Name | Responsible investment strategy | Portfolio manager or sub advisor |
|---|---|---|
|
NEI Impact Conservative Portfolio
|
NEI Investments Go to link | |
|
NEI Impact Balanced Portfolio
|
NEI Investments Go to link | |
|
NEI Impact Growth Portfolio
|
NEI Investments Go to link |
| Fund Name | Responsible investment strategy | Portfolio manager or sub advisor |
|---|---|---|
|
NEI Long Short Equity Fund
|
Picton Mahoney Asset Management Go to link |
Our funds employ up to four responsible investment strategies: exclusionary screens, ESG integration, impact & thematic, and active ownership.
You will see on the right we have included an icon for fossil fuel exclusions. While we do not consider that to be a distinct responsible investment strategy, we do believe it’s useful for investors to be able to identify those funds at a glance.
Companies may be excluded from the funds based on certain criteria, such as revenue generated from the tobacco and gambling industries, or because they produce fossil fuels.
If you would like to stay on top of the latest trends in responsible investing, we can help.
*Formerly NEI Global Equity Fund.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
