MONTREAL, Oct. 18, 2019 /CNW Telbec/ - National Bank
Investments Inc. ("NBI") announced today the launch of an all new
exchange-traded fund ("ETF"). The NBI Unconstrained Fixed Income
ETF has closed the initial offering of units, and those units will
start trading on the Toronto Stock Exchange (TSX) today.
"In this increasingly uncertain environment, fixed income
investors want to manage risk while generating yield and returns.
Opting for an active approach to fixed income investing provides
latitude to proactively adjust the ETF's portfolio and reduces
concentration risk," said Annamaria
Testani, Vice-President, National Sales at National Bank
Investments. "We are pleased to launch this new ETF that aims to
help investors navigate market cycles."
National Bank Trust Inc. ("NBT") will be the portfolio manager
to the ETF and will delegate investment decisions to J.P. Morgan
Investment Management ("JPMIM"). JPMIM will act as the ETF's
sub-advisor, with NBT ensuring that their decisions remain
compliant within this given mandate.
Here is NBI's new ETF information, that will commence trading on
the TSX today, under this corresponding ticker symbol and
management fee:
|
Exchange-Traded
Fund
|
Ticker Symbol
(TSX)
|
Management
Fee1
|
|
NBI Unconstrained
Fixed Income ETF
|
NUBF
|
0.75%
|
|
1 The
annual management fees are based on the average daily net asset
value of the applicable NBI
ETF.
The management fee,
plus applicable taxes, will be accrued daily and paid
monthly.
|
NBI Unconstrained Fixed Income ETF (TSX: NUBF) The
NBI Unconstrained Fixed Income ETF's investment objective is to
maximize total return, consistent with preservation of capital. The
fund invests, directly or indirectly, through investments in
securities of one or many mutual funds or through the use of
derivatives, in a diversified portfolio mainly composed of
fixed-income securities of issuers located throughout the world
with various maturities and credit ratings.
About NBI ETFs
NBI ETFs are offered by National Bank Investments Inc., a wholly
owned subsidiary of National Bank of Canada. Commissions, management fees and
expenses all may be associated with investments in exchange-traded
funds (ETFs). Please read the prospectus or ETF Fund Facts
document(s) before investing. ETFs are not guaranteed, their values
change frequently and past performance may not be repeated. ETF
units are bought and sold at market price on a stock exchange and
brokerage commissions will reduce returns.
About National Bank Investments
Inc.
National Bank Investments Inc. (NBI)
is an investment funds management firm committed to manufacturing
and offering mutual funds, exchange-traded funds, investment
solutions and services designed to help Canadian investors pursue
their financial goals. As at September 30,
2019, assets under management in NBI products were valued at
over $57 billion.
Guided by a 100% open architecture strategy, NBI is dedicated
to providing diverse solutions to meet the evolving needs of its
clients. NBI consistently strives to be recognized as a key partner
by combining innovation and excellence. NBI's role is not limited
to administrative aspects of management; NBI Advisory Services and
its registered representatives form a team of specialists who
provide information and advice to help advisors build portfolios
adapted to their clients' financial needs. Follow NBI's activities
at nbinvestments.ca or via social media such
as YouTube and LinkedIn.
About National Bank of Canada
With $276 billion in assets as at
July 31, 2019, National Bank
of Canada, together with
its subsidiaries, forms one of Canada's leading integrated financial groups.
It has close to 25,000 employees in knowledge-intensive positions
and has been recognized numerous times as a top employer and for
its commitment to diversity. Its securities are listed on the
Toronto Stock Exchange (TSX: NA). Follow the Bank's activities
at nbc.ca or via social media such as
Facebook, LinkedIn and
Twitter.
SOURCE National Bank of Canada