National Bank Investments Inc. (“NBI”) announced today the launch of an all new exchange-traded fund (“ETF”). The NBI Unconstrained Fixed Income ETF has closed the initial offering of units, and those units will start trading on the Toronto Stock Exchange (TSX) today.
“In this increasingly uncertain environment, fixed income investors want to manage risk while generating yield and returns. Opting for an active approach to fixed income investing provides latitude to proactively adjust the ETF’s portfolio and reduces concentration risk,” said Annamaria Testani, Vice-President, National Sales at National Bank Investments. “We are pleased to launch this new ETF that aims to help investors navigate market cycles.”
National Bank Trust Inc. (“NBT”) will be the portfolio manager to the ETF and will delegate investment decisions to J.P. Morgan Investment Management (“JPMIM”). JPMIM will act as the ETF’s sub-advisor, with NBT ensuring that their decisions remain compliant within this given mandate.
Here is NBI’s new ETF information, that will commence trading on the TSX today, under this corresponding ticker symbol and management fee: