National Bank Financial Wealth Management has launched a new multi-currency investment account which will enable clients make investments in stocks, bonds and other securities without incurring repeated currency conversion costs.
The new multi-currency trading account will permit investment transactions in the following currencies: euro, British pound, Swiss franc, Norwegian krone, Swedish krona, Mexican peso, Australian dollar, Hong Kong dollar, Japanese yen, and the Singapore dollar.
Martin Lavigne, president of National Bank Financial Wealth Management, said: "Geographic diversification is a key factor in sound portfolio management, as it allows for both increased performance and reduced risk.
"However, over the long-term, clients who trade securities on international markets see their investment returns reduced if they must bear the costs of repeated currency conversions. A multi-currency account is the ideal tool to reduce these conversion costs to an absolute minimum."
National Bank and its subsidiaries offer various services as well as advice to individuals, companies and investors in matters related to foreign currencies and their associated products.