National Bank Securities (NBS) announces the launch of the National Bank Floating Rate Income Fund, the National Bank Global Tactical Bond Fund and the National Bank US Dividend Fund.
The objective of the National Bank Floating Rate Income Fund is to generate interest income while minimizing the effects of interest-rate fluctuations. The Fund invests in a portfolio composed mainly of fixed-rate Canadian bonds and/or preferred shares issued by North-American companies and enters into derivatives transactions to generate a floating rate of income.
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Portfolio management of the Fund is entrusted to Fiera Capital Corporation, which with more than US$67 billion in assets under management, is one of the largest independent investment managers in Canada.
The objective of the National Bank Global Tactical Bond Fund is to generate income and capital growth, while focusing on capital preservation. The Fund invests in a diverse portfolio mainly composed of bonds and other foreign fixed income securities with various maturities and credit ratings.
Portfolio management of the Fund is entrusted to BNY Mellon Asset Management Canada Ltd. The daily management of the Fund will be carried out by the portfolio sub-advisor Standish Mellon Asset Management Company LLC, a leading investment management company based in Boston wholly-owned by BNY Mellon, whose investment strategies cover a wide range of fixed income mandates.
Standish traces its roots back to 1933, and the firm manages nearly 163 billion US dollars for customers located in 40 countries.
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By GlobalDataThe objective of the National Bank US Dividend Fund is to obtain long-term capital appreciation and increase capital while focusing on the generation of dividend income. The Fund invests in a portfolio composed mainly of equity securities of US companies with large market capitalizations that pay or are likely to pay dividends.
Portfolio management of the Fund is entrusted to Jarislowsky, Fraser Limited, a registered investment counselling firm founded in 1955 and which manages over US$30 billion for pension funds, endowment funds and corporate and private portfolios for clients in North America and overseas.
Michel Falk, President and CEO of NBS, said: "In the current investment environment where interest rates are at historically low levels and given the rebound of U.S. equity markets following the financial crisis, investors will benefit from strategies that improve diversification within their portfolios, in order to ensure a good balance between growth and preservation of capital."
