All the NBI Funds' Series are already available for purchase.
"With these new funds, we aim to meet the increasing demand for simple and professionally managed fixed income solutions that can offer a competitive alternative to GICs and other money market instruments. This initiative not only addresses the continuous search for attractive yields but also reinforces our commitment to providing innovative financial products that enhance the financial well-being of investors," said
Here are the fund codes and management fees for these new NBI Funds:
Fund Code | Management | |
NBI Target 2025 | NBC9225 | 0.15 % |
NBI Target 2025 | NBC9625 | 0.65 % |
NBI Target 2026 | NBC9226 | 0.15 % |
NBI Target 2026 | NBC9626 | 0.65 % |
NBI Target 2027 | NBC9227 | 0.15 % |
NBI Target 2027 | NBC9627 | 0.65 % |
NBI Target 2028 | NBC9228 | 0.15 % |
NBI Target 2028 | NBC9628 | 0.65 % |
NBI Target 2029 | NBC9229 | 0.15 % |
NBI Target 2029 | NBC9629 | 0.65 % |
1The annual management fees are based on the average daily net asset value of the applicable |
Each of the NBI Funds' investment objective is to provide current income and preserve capital over a predetermined period. Each fund invests, directly or indirectly through investments in securities of other mutual funds, in portfolios comprised primarily of investment-grade bonds of North American companies with an effective maturity date. As target maturity funds, the NBI Funds have a predetermined, specified lifespan. Therefore, it is anticipated that the bonds held in these NBI Funds will mature the same year as they are expected to terminate.
About NBI Funds
NBI Funds (the "Funds") are offered by National Bank Investments Inc., a wholly owned subsidiary of
About National Bank Investments Inc.
National Bank Investments Inc. (NBI) is an investment funds management firm committed to manufacturing and offering mutual funds, investment solutions and services designed to help Canadian investors pursue their financial goals. As at
Guided by an open architecture strategy, 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. Follow NBI's activities at nbinvestments.ca or via social media such as YouTube and LinkedIn.
National Bank Investments is a signatory of the
About
With $442 billion in assets as at
SOURCE
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