MONTREAL, Feb. 28,
2024 /CNW/ - National Bank Investments Inc. ("NBI")
today announced portfolio sub-advisor changes for certain NBI Funds
(the "Funds").
On or around April 22, 2024,
National Bank Trust Inc. ("NBT") will transition Fiera Capital
Corporation's ("Fiera") portfolio sub-advisory responsibilities for
the NBI Global Equity Fund, the NBI U.S. Equity Fund, the NBI U.S.
High Conviction Equity Private Portfolio, and the NBI International
High Conviction Equity Private Portfolio (the "Equity Funds")
directly to PineStone Asset Management Inc. who consequently
becomes the sole portfolio sub-advisor of the Equity Funds. Fiera
will no longer serve as portfolio sub-advisor of the Equity Funds.
NBI remains committed to Fiera through their partnership in
managing other equity mandates.
On or around March 20, 2024, NBT
will appoint Beutel, Goodman & Company Limited and RP
Investment Advisors L.P. to jointly act as portfolio sub-advisors
of the NBI Bond Fund together with Fiera. On or around the
same date, NBT will terminate the mandate of AlphaFixe Capital Inc.
("AlphaFixe") as portfolio sub-advisor of the NBI Bond Fund. NBI
remains committed to AlphaFixe through their partnership in
managing other fixed income mandates.
The Funds' investment objectives remain unchanged. As
portfolio manager, NBT will continue to ensure compliance of
investment decisions in relation to the mandates.
These changes are part of NBI's open architecture structure
governance process and will be included in the amendment to the NBI
Funds' simplified prospectus, which will be filed on the SEDAR+
website and on the NBI website.
About NBI Funds
NBI Funds (the "Funds") are offered by National Bank
Investments Inc., a wholly owned subsidiary of National Bank of
Canada. Commissions, trailing
commissions, management fees and expenses all may be associated
with mutual fund investments. Please read the prospectus of the
Funds before investing. The Funds' securities are not insured by
the Canada Deposit Insurance Corporation or by any other government
deposit insurer. The Funds are not guaranteed, their values change
frequently, and past performance may not be repeated.
About National Bank Investments
Inc.
National Bank Investments Inc. ("NBI") is an
investment funds management firm committed to manufacturing and
offering mutual funds, investment solutions and services designed
to help Canadian investors pursue their financial goals. As at
December 31, 2023, assets under
management in NBI products were valued at over $81.86 billion.
Guided by an 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.
National Bank Investments is a signatory of the United
Nations-supported Principles for Responsible Investment, a member
of Canada's Responsible Investment
Association, and a founding participant in the Climate Engagement
Canada initiative.
About National Bank of
Canada
With $434 billion in assets as at January 31, 2024, National Bank of Canada is one of Canada's six systemically important banks. The
Bank has approximately 30,000 employees in knowledge-intensive
positions and operates through three business segments in
Canada: Personal and Commercial
Banking, Wealth Management and Financial Markets. A fourth segment,
U.S. Specialty Finance and International, complements the growth of
its domestic operations. Its securities are listed on the Toronto
Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or
via social media.
SOURCE National Bank of Canada