MONTREAL, Feb. 11, 2021 /CNW/ - National Bank
Investments Inc. (NBI) announced today the launch of four
exchange-traded funds (each a "NBI ETF" and collectively the "NBI
ETFs"). Each NBI ETF listed in the table below has closed the
initial offering of units, and those units will start trading on
the Toronto Stock Exchange (TSX) today.
"Since 2019, NBI has entered into the exchange-traded
funds space with competitive financial solutions, leading most
notably in sustainable investing," said Annamaria Testani, Senior Vice-President,
National Sales at National Bank Investments. "Our product line is
now evolving to not only cover a broad range of asset classes, but
also to serve investors across a variety of market segments."
National Bank Trust Inc. (NBT) will act as portfolio manager of
the NBI ETFs and will delegate investment decisions to the
sub-advisors indicated in the table below.
Here is a list of the four NBI ETFs that will commence trading
on the TSX today, as well as their corresponding ticker symbol,
sub-advisor and management fee:
Exchange-Traded
Fund
|
Ticker Symbol
(TSX)
|
Sub-advised
by
|
Management
Fee1
|
NBI Sustainable
Canadian Corporate Bond ETF
|
NSCC
|
AlphaFixe Capital
Inc.
|
0.55%
|
NBI Canadian Dividend
Income ETF
|
NDIV
|
Montrusco Bolton
Investments Inc.
|
0.55%
|
NBI Active U.S.
Equity ETF
|
NUSA
|
Montrusco Bolton
Investments Inc.
|
0.55%
|
NBI Active
International Equity ETF
|
NINT
|
Montrusco Bolton
Investments Inc.
|
0.60%
|
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 Sustainable Canadian Corporate Bond ETF (TSX:
NSCC) The NBI Sustainable Canadian Corporate Bond ETF's investment
objective is to provide a sustained level of current income and
capital growth, with an emphasis on bonds issued by Canadian
corporations with a carbon intensity substantially lower than that
of the estimated carbon intensity of the NBI Sustainable Canadian
Corporate Bond ETF's benchmark, while considering ESG issues,
climate risks and contribution to United Nations ("UN") sustainable
development goals. It invests, directly or indirectly through
investments in securities of other mutual funds, in a portfolio
comprised primarily of bonds issued by Canadian corporations.
NBI Canadian Dividend Income ETF (TSX: NDIV) The NBI
Canadian Dividend Income ETF's investment objective is to maximize
the potential for long-term capital growth and to generate
sustained dividend income. It invests, directly or indirectly
through investments in securities of other mutual funds, in a
portfolio comprised primarily of equity securities of Canadian
companies that pay dividends.
NBI Active U.S. Equity ETF (TSX: NUSA) The NBI Active
U.S. Equity ETF's investment objective is to provide long-term
capital growth. It invests, directly or indirectly through
investments in securities of other mutual funds, in a portfolio
comprised primarily of common shares of U.S. companies.
NBI Active International Equity ETF (TSX: NINT) The NBI
Active International Equity ETF's investment objective is to
provide long-term capital growth. It invests, directly or
indirectly through investments in securities of other mutual funds,
in a portfolio comprised primarily of common shares of
international companies.
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 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 December 31, 2020, assets under management in NBI
products were valued at over $67
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 member of Canada's Responsible Investment Association
and a signatory of the United Nations-supported Principles for
Responsible Investment.
About National Bank of Canada
With $332 billion in assets
as at October 31, 2020,
National Bank of Canada together with its
subsidiaries, forms one of Canada's leading integrated financial groups.
It has close to 26,500 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