Mr. Jonathan Durocher reports

NATIONAL BANK INVESTMENTS LAUNCHES NBI UNCONSTRAINED FIXED INCOME FUND MANAGED BY BILL GROSS OF JANUS CAPITAL

National Bank of Canada's National Bank Investments Inc. has appointed Bill Gross, portfolio manager at Janus Capital Group, as manager of the NBI Unconstrained Fixed Income Fund for investors in Canada. Mr. Gross, one of the world's foremost thought leaders on fixed income, represents an expansion of an already extensive lineup of renowned portfolio managers, made possible by NBI's 100-per-cent open-architecture structure.

"We're excited to give Canadian investors access to Bill's renowned portfolio management expertise," said Jonathan Durocher, president of NBI. "His unconstrained, macro style of investing will offer investors an exceptional approach to navigating today's markets."

"National Bank Investments has expressed confidence in me at Janus and in our ability to deliver for Canadian investors," said Mr. Gross, portfolio manager at Janus Capital Group. "I'm looking forward to our partnership and putting our best efforts to work for their investors."

The NBI Unconstrained Fixed Income Fund seeks to achieve absolute risk-adjusted returns throughout various market environments. With interest rates at historical lows, investors need to consider investing in strategies with more flexibility to manoeuver in an increasingly complex market environment.

The NBI Unconstrained Fixed Income Fund at a glance:

• Focuses on maximizing total return, consistent with preservation of capital, with an integrated risk management process;
• Provides significant latitude to select what are believed to be the most attractive opportunities across the global fixed-income spectrum;
• Is not constrained by traditional benchmark-specific guidelines and biases.

About Mr. Gross:

• Portfolio manager at Janus Capital Group;
• A world-renowned fixed-income investor with more than 45 years of financial industry experience;
• He has been a pioneer in the use of non-traditional fixed income securities, including convertible bonds and mortgages, as well as treasury options and other derivatives;
• He co-founded PIMCO in 1971, and served as managing director and chief investment officer prior to joining Janus in 2014.

About National Bank Investments

National Bank Investments is a wholly owned subsidiary of National Bank of Canada specialized in designing and managing mutual funds and mutual fund portfolios. As at June 30, 2016, the value of assets under management in NBI products amounted to $29-billion.

About National Bank of Canada

With $230-billion in assets as at July 31, 2016, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. The bank has close to 22,000 employees and is widely recognized as a top employer.