National Bank Investments Launches New Funds with Exchange-Traded Series in Canada
National Bank Investments Inc., an indirect wholly owned subsidiary of National Bank of Canada, has launched four new funds and their exchange-traded series (ETF Series) in Canada. The NBI Funds have closed their initial offering of ETF Series units and will begin trading on the Toronto Stock Exchange today.
As Corinne Bélanger, Vice-President, Investment Solutions and Analytics at National Bank Investments, stated, 'demand continues to grow for solutions that can support different portfolio objectives.' With this new launch, National Bank Investments is expanding its income-oriented strategies and providing access to additional tools designed to help investors navigate changing market conditions.
The NBI Funds include the NBI SmartData U.S. Equity Covered Call Fund, ETF Series (NUCC), the NBI SmartData International Equity Covered Call Fund, ETF Series (NICC), the NBI Target 2032 Investment Grade Bond Fund, ETF Series (NTGG), and others.
The new funds' investment objectives range from generating income to providing long-term capital growth. The fees for these funds are as follows: NUCC has a management fee of 0.40%, NICC has a management fee of 0.50%, NTGG has a management fee of 0.15%, and others have varying management fees.