MONTREAL, Feb. 8, 2019 /CNW Telbec/ - National Bank
Investments Inc. (NBI) announced today the launch of four
exchange-traded funds. Each NBI exchange-traded fund (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.
"We are excited to continue the expansion of NBI's solutions,
providing investors with innovative portfolio and risk
diversification opportunities," said Annamaria Testani, Vice-President, National
Sales at National Bank Investments. "When markets are as complex as
ever, staying invested is key. We believe our first ETFs provide a
compelling way to gain non-traditional active and alternative niche
exposure and diversify portfolio risk."
Here is a list of the four NBI ETFs that will commence trading
on the TSX today, as well as their corresponding ticker symbols and
management fees:
Exchange-Traded
Funds
|
Ticker Symbols
(TSX)
|
Management
Fees1
|
NBI Global Real
Assets Income ETF
|
NREA
|
0.90%
|
NBI Active Canadian
Preferred Shares ETF
|
NPRF
|
0.50%
|
NBI Canadian Family
Business ETF
|
NFAM
|
0.35%
|
NBI Liquid
Alternatives ETF
|
NALT
|
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 Global Real Assets Income ETF (TSX: NREA) The NBI
Global Real Assets Income ETF's investment objective is to provide
income and long-term capital growth while focusing on hedging
against inflation. It invests, directly or through investments in
securities of other mutual funds, in a portfolio comprised
primarily of common shares of companies located around the world in
industry sectors associated with real assets.
NBI Active Canadian Preferred Shares ETF (TSX: NPRF) The
NBI Active Canadian Preferred Shares ETF's investment objective is
to generate tax-efficient dividend income while focusing on capital
preservation. It invests, directly or through investments in
securities of other mutual funds, in a portfolio comprised
primarily of preferred shares of Canadian companies and other
income-generating securities of Canadian companies.
NBI Canadian Family Business ETF (TSX: NFAM) The NBI
Canadian Family Business ETF's investment objective is to generate
long-term capital growth by replicating, to the extent reasonably
possible and before fees and expenses, the performance of a
Canadian equity index that measures the investment return of
family-owned Canadian companies that are publicly listed.
Currently, the NBI Canadian Family Business ETF tracks the
performance of the NBC Canadian Family Index. To do this, NBI
Canadian Family Business ETF invests directly, or indirectly
through investments in securities of other mutual funds, in a
portfolio comprised primarily of shares of family-owned Canadian
companies.
NBI Liquid Alternatives ETF (TSX: NALT) The NBI Liquid
Alternatives ETF's investment objective is to provide a positive
return while maintaining low correlation to, and lower volatility
than, the return of the global equity markets. The NBI Liquid
Alternatives ETF will aim to achieve this investment objective
regardless of prevailing market conditions or general market
direction. The NBI Liquid Alternatives ETF will seek to achieve
this objective by investing primarily in long and short positions
on financial derivatives that provide exposure to different major
global asset classes, such as government bonds, currencies,
equities or commodities.
About NBI ETFs
NBI ETFs are offered by National Bank Investments Inc., a
wholly owned subsidiary of National Bank of Canada. Management fees, brokerage fees and
expenses all may be associated with investments in exchange-traded
funds (ETFs). Please read the prospectus or ETF Facts document
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 ("NBI") 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, 2018, the value of
assets under management in NBI products amounted at almost
$52 billion. Follow NBI's activities at nbinvestments.ca or
via social media such as YouTube and LinkedIn.
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 National Bank of Canada
With $262 billion in assets as at October 31, 2018, National Bank of
Canada, together with its
subsidiaries, forms one of Canada's leading integrated financial groups.
It has more than 23,000 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 at nbc.ca or via social media such
as Facebook,
LinkedIn and Twitter.
SOURCE National Bank of Canada