NEI Investments announced July 14 the launch of NEI Global Impact Bond Fund.

With the addition of this new core fixed income fund, NEI offers an impact solution for each major asset class. The other funds in the company’s Impact Fund suite are: NEI Global Impact Bond Fund (fixed income), NEI Environmental Leaders Fund (equity), and NEI Global Sustainable Balanced Fund (fixed income and equity combined).

"We are at an historic turning point for responsible investing," stated Frederick M. Pinto, SVP and Head of Asset Management for NEI Investments. "More and more, investors are seeking ways to tackle the world's most pressing challenges as they pursue their financial goals, from the effects of climate change to gender and racial diversity to corporate readiness in the face of a crippling global pandemic. The time for impact investing is now."

NEI Global Impact Bond Fund is sub-advised by Wellington Management Canada ULC, an affiliate of Boston-based asset manager Wellington Management Company LLP.

The fund Invests in the debt of global companies, governments and organizations “whose products and services help address some of the world's major social and environmental challenges,” says NEI.

The bonds must meet proprietary impact criteria in areas such as education and job training, safety and security, affordable housing, health, and clean water and sanitation, among others.