Press release from CNW Group
National Bank Securities to expand its Meritage Portfolios®
Tuesday, September 03, 2013
National Bank Securities to expand its Meritage Portfolios®14:31 EDT Tuesday, September 03, 2013
MONTREAL, Sept. 3, 2013 /CNW Telbec/ - National Bank Securities Inc. (NBS) today announced the filing of a preliminary prospectus to launch a new mutual fund portfolio, the Meritage Diversified Fixed Income Portfolio.
The Meritage Diversified Fixed Income Portfolio will invest in third party managed mutual funds which themselves invest in Canadian and Global fixed-income securities.
"Always attentive to the needs of our customers and to market trends, we're proud to announce the expansion of the Meritage fund family with the launch of this new Meritage Diversified Fixed Income Portfolio" commented Michel Falk, President and Chief Executive Officer of NBS.
The Meritage Portfolios® invest in third-party funds selected using a quantitative and qualitative approach known as the Select Rating System®. The selection and monitoring processes of the Meritage Portfolios® are reviewed by Aon Hewitt, an investment management consulting firm.
The Meritage Portfolios® are designed to suit the needs of investors with varying risk tolerance levels and investment horizons. The Meritage Portfolios® offer a complete investment solution with optimal diversification across asset classes, regions, market capitalizations, and management styles, all integrated into a 'fund of funds' structure. The Meritage Portfolios®, whose assets exceed $2.6 billion, are now among the most sought-after investment options. Further information is available at www.meritageportfolios.com.
A preliminary prospectus detailing information about the Meritage Diversified Fixed Income Portfolio units has been filed with the Canadian securities regulatory authorities. The information contained in the preliminary prospectus is subject to completion or amendment. No units shall be sold nor any offer to purchase units accepted until the final prospectus has been approved by the Canadian securities regulatory authorities.
About Meritage Portfolios®.
The Meritage Portfolios (the "Portfolios") are managed by National Bank Securities 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 Portfolios. Please read the prospectus of the Portfolios before investing. The Portfolios' securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Portfolios are not guaranteed, their values change frequently and past performance may not be repeated. "Meritage Portfolios®" and the Meritage Portfolios® logo are trademarks of National Bank of Canada and are used by National Bank Securities Inc.
About National Bank of Canada
With $187 billion in assets as at July 31, 2013, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups, and was named among the 20 strongest banks in the world by Bloomberg Markets magazine. The Bank has close to 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 via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.
SOURCE: National Bank of Canada
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