MONTREAL, Feb. 1, 2017 /CNW Telbec/ - National Bank
Investments Inc. ("NBI") announced today the change of portfolio manager for both National Bank Consensus International Equity
Fund and National Bank Consensus American Equity Fund (the "Funds").
Change of Portfolio Manager
As of or around March 3, 2017, Goldman Sachs Asset Management will replace Fiera Capital Corporation as portfolio
manager and Validea Capital Management as sub-portfolio manager to the Funds. The investment objective of each Fund remains
unchanged. The new portfolio manager will provide a high-quality portfolio management strategy based on three essential alpha
drivers: momentum, valuation and profitability.
These changes are in line with the governance process of NBI's 100% open architecture structure, under which the portfolio
management of the funds built for its product shelf is done exclusively by other firms.
Creation of H and FH Series and Name Change
Furthermore, NBI also announced the creation of H and FH series and the name change for these two Funds as of
March 3, 2017, which will be modified as follows:
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Current Name
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New Name
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National Bank Consensus American Equity Fund
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NBI SmartData U.S. Equity Fund
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National Bank Consensus International Equity Fund
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NBI SmartData International Equity Fund
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These changes will be reflected in the upcoming amendment to the simplified prospectus for the National Bank Mutual Funds,
which will be available at www.sedar.com and www.nbc.ca.
About National Bank Mutual Funds
National Bank Mutual Funds (the "Funds") are 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 Funds. Please read the prospectus of the Funds before investing. 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 Investments Inc.
National Bank Investments ("NBI") is an investment fund management firm committed to manufacturing and distributing
mutual funds, investment solutions and services designed to help Canadian investors pursue their financial goals. As
at December 31, 2016, the value of assets under management in NBI products amounted to $32.2 billion.
Guided by a 100% open architecture structure, 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.
About National Bank of Canada
With $232 billion in assets as at October 31, 2016, National Bank of Canada, together with
its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has more
than 21,000 employees and is widely recognized as a top employer. The Bank's 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
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