The four ETFs began trading on TSX Friday
The new mandates are actively managed preferred shares, Canadian family index, global real assets and liquid alternatives
The firm also announced portfolio advisor and subadvisor changes for certain funds
Fees for certain series of NBI funds and Meritage Portfolios will be reduced
NBI Short Term Canadian Income Fund and NBI Short Term Canadian Income Private Portfolio closing to new subscriptions
National Bank Trust Inc. will become the portfolio manager for NBI Canadian High Conviction Equity Private Portfolio
Mackenzie Financial to become portfolio manager to NBI Canadian Equity Growth Fund
National Bank Trust replaces Fidelity Investments Canada for global equity fund
Administration and management fees as well as trailing commissions are being reduced while five portfolios are being renamed
The fund is designed so that managers have “significant latitude” to select the most attractive opportunities across the global fixed income spectrum