Northwire Canada EditionFriday, July 10, 2026
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Financings Routine +

National Bank Investments launches new ETF portfolio solutions, a thematic ETF and a mutual fund

Expanding its ETF and mutual fund suite to capture advisor demand and drive incremental AUM growth.

By The Northwire Desk — AI Analysis Jun 23, 2026 · 08:30 NCNS NBI CONSERVATIVE ETF PORTFOLIO ETF UNITS
Executive Summary
  • National Bank Investments Inc. (NBI) announced the launch of five new exchange-traded funds (ETFs) and one new mutual fund.
  • The ETF Portfolios (NCNS, NBLD, NGRW, NEQT) closed their initial offering and began TSX trading on June 23, 2026, carrying a 0.35% management fee. They target conservative, balanced, growth, and equity risk/income profiles by investing in a diversified mix of ETFs and ETF series mutual funds.
  • The NBI Thematic Rotation ETF (NTHM) launched with a 0.55% management fee, targeting long-term capital growth by systematically rotating exposure across global equity themes.
  • The NBI Sustainable Systematic World Equity Fund is available for purchase in Advisor (1.40% management fee) and F (0.40% management fee) series, utilizing quantitative models to target long-term capital growth in developed-market sustainable equities.
  • NBI reported assets under management (AUM) exceeding $115.51 billion as of March 31, 2026, providing a substantial base for new product distribution.
Material Impact
  • This is a product expansion announcement rather than a financial results release. The strategic implication is incremental AUM growth and fee income as advisors allocate capital to the new portfolio solutions and thematic/sustainable funds.
  • Fee levels (0.35% to 0.55% for ETFs, 0.40% to 1.40% for mutual funds) are competitive but not disruptive to industry pricing norms.
  • The launch does not alter NBI's core business model, capital structure, or near-term earnings profile. It is a standard growth initiative for a large asset manager.
NCNS · Price
Company Overview
  • National Bank Investments Inc. is the asset management subsidiary of National Bank of Canada.
  • It manages a broad suite of ETFs, mutual funds, and portfolio solutions targeting retail investors, financial advisors, and institutional clients.
  • With over $115.51 billion in AUM as of March 2026, it operates as a significant player in the Canadian asset management landscape, competing on scale, distribution, and product innovation.
Read the original news release →