NBI Global Equity Fund

Quality and high conviction on a global scale

Morningstar RatingTM ★★★★★

Sub-advised by PineStone Asset Management Inc. and Fiera Capital Corporation

Why NBI Global Equity Fund?

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Proven track record

The NBI Global Equity Fund has demonstrated a top-performing track record in its category since inception. The Fund is managed by a stable team of experienced industry specialists with extensive sector expertise and deep industry relationships.

See performance

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A methodic investment process

Analysts use the “Test of T.I.M.E” grid (Track record, Industry attractiveness, Management quality, Economic moat). This grid allows the evaluation to be standardized across geography and industry sectors, not limited to sectoral weights thought.

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High conviction and truly active

A core global equity offering with a high conviction approach and a low portfolio turnover resulting in a true active solution.

Investment overview 

The NBI Global Equity Fund seeks to provide sustainable outperformance from stock selection through a nimble approach to investing. The fund’s strategy focuses on a worldwide diversified, actively managed portfolio of high quality, growing companies with attractive valuations and a sustainable competitive advantage. Capital is reallocated appropriately based on conviction and risk/return potential. Developing a deep understanding of these companies and holding them for the long run is a key pillar in investment philosophy.

A Fund rewarded for its sustained performance


Morningstar® Rating
5 stars


FundGrade A+® Award

About the portfolio sub-advisors

Nadim Rizk founded PineStone Asset Management in 2021 and serves as the firm’s CEO, CIO and Lead Portfolio Manager.  Previously, Mr. Rizk was the head of the Global Equity team and the Lead Portfolio Manager of the U.S., International and Global equity strategies at Fiera Capital.

Based in Montreal, PineStone Asset Management Inc. is a global equity manager founded in 2021 following a separation from a large independent asset manager.

The firm is 100% employee-owned and led by Nadim Rizk, a seasoned portfolio manager with over 25 years of experience.

Fiera Capital Corporation is one of Canada's leading investment managers

A total of 160 investment professionals with a dedicated team composed of 8 investment professionals, each specializing in one or two sectors

Fund Codes

Advisor Series

H Series

F Series

FH Series





Other NBI Funds sub-advised by PineStone Asset Management Inc.


The information and the data supplied in the present document, including those supplied by third parties, are considered accurate at the time of their printing and were obtained from sources which we considered reliable. We reserve the right to modify them without advance notice. This information and data are supplied as informative content only. No representation or guarantee, explicit or implicit, is made as for the exactness, the quality and the complete character of this information and these data. The opinions expressed are not to be construed as solicitation or offer to buy or sell shares mentioned herein and should not be considered as recommendations.

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 indicated rates of returns are based on the historical annual compounded total returns including changes in securities value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. 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.

© 2024 Morningstar Research Inc. All rights reserved. The information, data, analysis and opinions contained herein (1) is proprietary to Morningstar; (2) may not be copied or distributed; (3) does not constitute investment advice by Morningstar; (4) are provided solely for information purposes and may not be considered as offer to purchase or sell securities; and (5) are not represented or warranted to be accurate, correct, complete or timely. Except to the extent required by law, Morningstar shall not be liable for any transaction decisions or for any damages or other losses arising out of or in connection with such information, data, analysis or opinions or their use. For greater detail, see www.morningstar.ca. 

The FundGrade A+® rating is used with permission from Fundata Canada Inc., all rights reserved. Fundata is a leading provider of market and investment funds data to the Canadian financial services industry and business media. The Fund-Grade A+® rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year. For more information on the rating system, please visit www.Fundata.com/ProductsServices/FundGrade.aspx.

All performance shown is for F Series. F Series is offered as part of a “fees for services” program and as such, the performance shown does not include the compensation paid by the investor to the dealer, which would have reduced returns. Other series of units of the NBI Funds may be subject to higher management fees, which may result in lower returns. The NBI Global Equity Fund performance for 1 year is 16.43%, 3 years is 8.32%, 5 years is 13.51% and 10 years is 12.83%. The NBI U.S. Equity Fund performance for 1 year is 18.62%, 3 years is 12.13%, 5 years is 16.34% and 10 years is 15.87%.

® NATIONAL BANK INVESTMENTS is a registered trademark of National Bank of Canada, used under license by National Bank Investments Inc. © 2024 National Bank Investments Inc. All rights reserved. Any reproduction, in whole or in part, is strictly prohibited without the prior written consent of National Bank Investments Inc.

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.