National Bank Managed Portfolios reach the $1 billion mark in assets under management
National Bank Financial Group is pleased to announce that assets under management in National Bank Managed Portfolios have surpassed the $1 billion mark. This milestone attests to the popularity of this personalized investment solution with clients.
According to Jean-Stéphane Parent, Vice President of National Bank Securities, National Bank Managed Portfolios are a great complement to the range of managed products available to clients at National Bank branches. “We are very proud of this accomplishment,” he added, “and wish to thank our investor clients for their trust. We assure them of our commitment to keep offering solutions that meet their expectations.”
Following the integration of Altamira Investment Services with National Bank Securities Inc. in November 2008, this turnkey solution was revamped to reflect new trends in investing and financial markets. Offered to individuals with $100,000 or more to invest, the enhanced diversification, multiple management styles featuring a combination of active, passive, tactical and quantitative management, quarterly rebalancing and competitive management fee structure of National Bank Managed Portfolios have rewarded its investors.
Despite difficult market conditions in 2008 for both investors and advisors, assets under management have more than doubled since that time.
Managed Portfolios offer six personalized profiles by investing in a carefully chosen mix of National Bank Securities Mutual Funds, including National Bank Funds, Altamira Funds and Omega Funds. For more information, please visit www.nbc.ca/managedportfolio.
About National Bank Securities Inc.
National Bank Securities Mutual Funds (the “Funds”) and National Bank Managed Portfolios (the “Managed Portfolios”) are offered by National Bank Securities Inc., a wholly owned subsidiary of National Bank of Canada. Brokerage fees, trailing commissions, management fees and other expenses all may be associated with investments in the Funds and the use of the Managed Portfolios. Please read the prospectus of the Funds contained in the Managed Portfolios before investing. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of the investment in a Fund will be returned. 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 of Canada
National Bank of Canada is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has over $146 billion in assets and, together with its subsidiaries, employs 18,438 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at www.nbc.ca. To access National Bank Financial Group’s financial education portal, visit www.clearfacts.ca.
Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):
Senior Advisor – Public Relations
National Bank Financial Group