Montreal-based National Bank Investments Inc. (NBI) on Tuesday announced the launch of two new Meritage Tactical ETF Portfolios.
Last March, Meritage Tactical ETF Portfolios entered the market with three portfolio profiles. In response to the strong demand, NBI is adding to its lineup by introducing Meritage Equity Tactical ETF Portfolio and Meritage Fixed Income Tactical ETF Portfolio.
The Meritage Tactical ETF Portfolios now invest in exchange-traded funds (ETFs) from six different providers, located in Canada and the United States.
“When combining the Canadian and U.S markets, today’s ETF offering represents over 2,400 exchange-traded funds and over 90 providers. It can be a confusing maze for investors. NBI now simplifies access to ETFs for Canadian investors with an integrated fund-of-ETFs structure. A simple and practical solution considering the current context,” says Jonathan Durocher, president of NBI, in a statement.
The five Meritage Tactical ETF Portfolios are constructed with the input of several teams of experts and are meant to act as well-diversified, low-cost investment vehicles. The portfolios are rebalanced according to the experts’ tactical views.
NBI also announced name changes for three Meritage Portfolios:
> Meritage Equity Portfolio is now Meritage Aggressive Growth Portfolio;
> Meritage Equity Class Portfolio becomes Meritage Aggressive Growth Class Portfolio; and
> Meritage Equity Income Portfolio is now Meritage Aggressive Growth Income Portfolio.
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