National Bank Securities Inc. has announced the launch of the National Bank/Fidelity True North Fund based on the Fidelity True North Fund offered by Fidelity Investments.
The True North Fund seeks to achieve long-term capital growth by investing primarily in Canadian equity securities.
Jean Blouin, vice president Retail Investment Solutions at the National Bank, explained that “We chose this fund because it gives our clients the opportunity to diversify their Canadian equity investments by management style”.
The principal management firm for National Bank Mutual Funds, Natcan Investment Management, favours a value approach, whereas the True North Fund, managed by Alan Radlo of Fidelity, uses an approach based on growth at a reasonable price.”
National Bank Securities has already obtained securities commissions’ approval to start selling the fund.
National Bank launches True North Fund
IE Staff