National Bank Investments announces a portfolio manager change
Montreal, June 21, 2019 – National Bank Investments Inc. (“NBI”) announced today a change of portfolio manager for the NBI International Equity Private Portfolio (the “fund”).
On or about July 22, 2019, National Bank Trust Inc. (“NBT”) will replace Invesco Canada Ltd. as portfolio manager to the fund and will delegate investment decisions to Goldman Sachs Asset Management, L.P. (“GSAM”). GSAM will act as the fund’s sub-advisor, with NBT ensuring that their decisions remain compliant within this given mandate. The investment objective remains unchanged.
This change is in line with the governance process of NBI’s open architecture structure.
The change will be reflected in the upcoming amendment to the simplified prospectus for the NBI Funds, which will be available on the SEDAR website (www.sedar.com) as well as on the National Bank website (www.nbc.ca).
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 investments in the Funds. 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 March 31, 2019, assets under management in NBI products were valued at over $55 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 $269 billion in assets as at April 30, 2019, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 24,000 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.
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Corporate Social Responsibility
National Bank of Canada