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Enter Symbol
or Name
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CA



National Bank of Canada
Symbol NA
Shares Issued 337,692,503
Close 2016-08-30 C$ 47.58
Market Cap C$ 16,067,409,293
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National Bank launches two Meritage ETF portfolios

2016-08-30 12:39 ET - News Release

Mr. Jonathan Durocher reports

NATIONAL BANK INVESTMENTS LAUNCHES NEW MERITAGE EXCHANGED-TRADED FUND PORTFOLIOS

National Bank of Canada's National Bank Investments Inc. has launched two new Meritage tactical ETF (exchange-traded fund) portfolios.

Last March, Meritage tactical ETF portfolios entered the market with three portfolio profiles. In response to the strong demand, National Bank Investments is adding to its lineup by introducing the Meritage Equity Tactical ETF Portfolio and the Meritage Fixed Income Tactical ETF Portfolio.

Based on the company's key pillars when selecting exchanged-traded funds, Meritage tactical ETF portfolios now invest in ETFs from six different providers. These external providers are located in Canada and now also in the United States, thereby enhancing portfolio diversification.

"When combining the Canadian and U.S markets, today's ETF offering represents over 2,400 exchange-traded funds and over 90 providers. It can be a confusing maze for investors. National Bank Investments now simplifies access to ETFs for Canadian investors with an integrated fund-of-ETFs structure -- a simple and practical solution considering the current context," said Jonathan Durocher, president of National Bank Investments.

Meritage Tactical ETF portfolios offer five profiles, from a fixed-income profile to an all-equity profile. These portfolios are constructed with the input of several teams of experts and are meant to act as well-diversified, low-cost investment vehicles. Portfolios are rebalanced according to the experts' tactical views. Meritage tactical ETF portfolios are composed uniquely of exchange-traded funds.

Furthermore, National Bank Investments also announced the name change for three Meritage portfolios as of or around Aug. 18, 2016. The names of the portfolios are changed as shown in the attached table.

Current name                        New name        
                           
Meritage Equity Portfolio           Meritage Aggressive Growth Portfolio       
Meritage Equity Class Portfolio     Meritage Aggressive Growth Class Portfolio 
Meritage Equity Income Portfolio    Meritage Aggressive Growth Income Portfolio

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 National Bank Investments products amounted to $29-billion.

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