National Bank Investments announces a portfolio manager change

Montreal, December 14, 2017

National Bank Investments Inc. (“NBI”) announced today the change of portfolio manager for the NBI Canadian High Conviction Equity Private Portfolio (the “Fund”).

On or about January 15, 2018, National Bank Trust Inc. (“NBT”) will become the portfolio manager for the Fund.

At the same date, NBT will retain Phillips, Hager & North Investment Management®, a division of RBC Global Asset Management Inc., as portfolio sub-advisor for the Fund. The investment objective of the Fund remains unchanged.  

This change is in line with the governance process of NBI’s open architecture structure.

The change will be reflected in the upcoming amendment to the simplified prospectus for the NBI Funds, which will be available at and

About NBI Funds
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 investments in the Funds. Please read the prospectus of the Funds before investing. 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.

About National Bank Investments Inc.
National Bank Investments (“NBI”) is an investment fund management firm committed to manufacturing and distributing mutual funds, investment solutions and services designed to help Canadian investors pursue their financial goals. As at October 31, 2017, the value of assets under management in NBI products amounted at almost $50 billion.

Guided by a 100% open architecture structure, NBI is dedicated to providing diverse solutions to meet the evolving needs of its clients. NBI consistently strives to be recognized as a key partner by combining innovation and excellence. NBI’s role is not limited to administrative aspects of management; NBI Advisory Services and its registered representatives form a team of specialists who provide information and advice to help advisors build portfolios adapted to their clients’ financial needs.

About National Bank of Canada
With $246 billion in assets as at October 31, 2017, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups.  It has more than 21,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity.  Its securities are listed on the Toronto Stock Exchange (TSX: NA).  Follow the Bank’s activities at or via social media such as Facebook, LinkedIn and Twitter.

For more information:

Marie-Pierre Jodoin
Senior Manager, Public Affairs
National Bank of Canada