National Bank Investments Inc. reduces fees on the Westwood Emerging Markets Fund
National Bank Investments Inc. reduces fees on the Westwood Emerging Markets Fund
Canada NewsWire
MONTREAL, Nov. 17, 2015
MONTREAL, Nov. 17, 2015 /CNW Telbec/ - National Bank Investments Inc. ("NBI") announced today that, effective on or about December 1, 2015, it will reduce the management and administration fees levied on the Investor, Advisor, F and R Series of the Westwood Emerging Markets Fund.
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Current fees
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New fees
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Management fees
|
|
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Investor, Advisor and
R Series
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2.50%
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2.30%
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F Series
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1.25%
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1.05%
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Administration fees
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Investor, Advisor, F
and R Series
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0.22%
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0.19%
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In keeping with its client centric approach, NBI is committed to providing clients with access to the best investment solutions at competitive pricing.
The changes will be reflected in the amendment to the simplified prospectus for the National Bank Mutual Funds to be filed in connection with these changes, which will be available at www.sedar.com and www.nbc.ca.
About Westwood Emerging Markets Fund
Westwood Emerging Markets Fund (the "Fund") is offered by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. Commissions, trailing commissions, management fees and expenses all may be associated with investments in the Fund. Please read the prospectus of the Fund before investing. The Fund's securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Fund is not guaranteed, its value changes frequently and past performance may not be repeated.
About National Bank Investments Inc.
National Bank Investments Inc. ("NBI") is a wholly owned subsidiary of National Bank of Canada specialized in designing and managing mutual funds and mutual fund portfolios. As at September 30, 2015, the value of assets under management in NBI products amounted to $23.2 billion.
Guided by a 100% open architecture philosophy, 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 is an investment fund management firm committed to offering a broad selection of investment solutions that meet a wide range of investment profiles. 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 investors build portfolios adapted to their financial needs.
About National Bank of Canada
With $216 billion in assets as at July 31, 2015, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has more than 20,000 employees and is widely recognized as a top employer. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.
SOURCE National Bank of Canada
(the telephone number provided below is for the exclusive use of journalists and other media representatives): Jean-François Lauzon, Advisor - Public Affairs, National Bank of Canada, Tel.: 514-394-6097Copyright CNW Group 2015