MONTREAL, May 8, 2018 /CNW Telbec/ - National Bank Investments Inc. ("NBI") announced today the reduction of its management fees on certain NBI Funds and Meritage Portfolios.
These changes will be effective as of or around May 14, 2018 and are in keeping with NBI's client-centric approach, committed to providing investors with access to innovative investment solutions at competitive pricing.
Management fee reductions
The management fees for the following series of NBI Funds and Meritage Portfolios will be reduced as indicated in the table below.
| Funds and Series |
Current management fee |
New management fee |
| NBI Global Tactical Bond Fund (F, FT, F_US, FT_US Series) |
0.89%
|
0.84%
|
| Meritage Global Conservative Portfolio (F, F5 Series) |
0.95%
|
0.90%
|
| Meritage Global Moderate Portfolio (F, F5 Series) |
0.95%
|
0.90%
|
The changes will be reflected in an amendment to the NBI Funds and Meritage Portfolios simplified prospectus to be filed in connection with these changes, which will be available at www.sedar.com and www.nbcadvisor.com.
About National Bank Investments Inc.
National Bank Investments Inc. ("NBI"), a wholly owned subsidiary of National Bank of Canada, is an investment fund management firm committed to manufacturing and distributing mutual funds, investment solutions and services designed to help Canadian investors pursue their financial goals. As at December 31, 2017, the value of assets under management in NBI products amounted to C$53 billion.
Guided by a 100% open architecture structure, 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.
About NBI Funds and Meritage Portfolios
The NBI Funds are offered by, and the Meritage Portfolios® (together, the "Funds") are managed 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.
® MERITAGE PORTFOLIOS and the Meritage Portfolios logo are trade-marks of National Bank of Canada, used under license by National Bank Investments Inc.
About National Bank of Canada
With $251 billion in assets as at January 31, 2018, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 21,000 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
Marie-Pierre Jodoin, Senior Manager, Public Affairs, National Bank of Canada, Tel.: 514-394-4209
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