National Bank Trust Inc. (NBT) will become the portfolio manager for NBI Canadian High Conviction Equity Private Portfolio, on or about Jan. 15, 2018, Montreal-based National Bank Investments Inc. (NBI) announced Thursday.

At the same date, NBT will retain Phillips, Hager & North Investment Management, a division of RBC Global Asset Management Inc., as portfolio subadvisor for the fund. “The investment objective of the fund remains unchanged,” NBI says in its announcement.

The change will be reflected in the upcoming amendment to the simplified prospectus for the NBI Funds.