National Bank optimizes fund lineup

National Bank optimizes fund lineup

National Bank optimizes fund lineup
National Bank Investments has announced plans to streamline its fund lineup through mergers and terminations. The firm has also announced new fund series.

Pending regulator and special security-holder approval, the bank has announced plans to terminate certain funds by merging them into other continuing funds. The terminating funds will be closed to new subscriptions. The mergers are slated to occur on or about May 12 and May 19.

Mergers on or about May 12:
Terminating Funds Continuing Funds
National Bank Health Sciences Fund National Bank Global Equity Fund
National Bank Energy Fund National Bank Resource Fund
National Bank Precious Metals Fund
NBI US Growth & Income Private Portfolio NBI US High Conviction Equity Private Portfolio
NBI Currency-Hedged US High Conviction Equity Private Portfolio
NBI Currency-Hedged International High Conviction Equity Private Portfolio NBI International High Conviction Equity Private Portfolio
 

Mergers on or about May 19:
Terminating Funds Continuing Funds
National Bank Long Term Bond Fund National Bank Bond Fund
National Bank US $ Global Tactical Bond Fund National Bank Global Tactical Bond Fund
National Bank Monthly Secure Income Fund NBI Secure Portfolio
National Bank Monthly Conservative Income Fund NBI Conservative Portfolio
National Bank Monthly Moderate Income Fund NBI Moderate Portfolio
National Bank Monthly Balanced Income Fund NBI Balanced Portfolio
National Bank Monthly Growth Income Fund NBI Growth Portfolio
National Bank Asset Allocation Fund
National Bank Monthly Equity Income Fund NBI Equity Portfolio
National Bank Dividend Income Fund Inc. National Bank Dividend Fund
National Bank High Dividend Fund National Bank Canadian Equity Fund
National Bank AltaFund Investment Corp. National Bank Canadian Equity Growth Fund
Westwood Global Dividend Fund National Bank Global Equity Fund
Westwood Global Equity Fund
National Bank European Equity Fund
National Bank Asia Pacific Fund
National Bank Japanese Equity Fund
National Bank Global Small Cap Fund
National Bank Science and Technology Fund
   

Thirteen funds and series have also been slated for outright termination without being merged into another fund. These include F5 and T5 Series of the Westwood Global Dividend Fund; Institutional and M Series of the National Bank Money Market Fund; and the National Bank Short Term Yield Class. They were closed to new subscriptions as of March 1, and will be terminated on or about May 11.

New H and FH series have been created for the NBI US High Conviction Equity Private Portfolio and the NBI International High Conviction Equity Private Portfolio. New series will also be created for certain continuing funds on or about May 12, and will be reserved to investors of associated terminating funds.


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National Bank makes fund changes