Northwire Canada EditionSunday, November 1, 2026
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Financings Routine +

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

Expanding low-cost ETF and mutual fund lineup to capture advisor-driven AUM growth

By The Northwire Desk — AI Analysis Jun 23, 2026 · 08:30 NTHM NBI THEMATIC ROTATION ETF
Executive Summary
  • National Bank Investments Inc. (NBI) announced the launch of five new exchange-traded funds (ETFs) and one new mutual fund.
  • The ETF lineup includes four risk-tiered portfolio solutions (Conservative, Balanced, Growth, and Equity) and one thematic rotation ETF.
  • The mutual fund is a sustainable systematic world equity strategy offered in Advisor and F Series share classes.
  • Management fees for the ETFs range from 0.35% to 0.55%, while the mutual fund series carry fees of 0.40% to 1.40% plus a 0.10% administration fee.
  • The ETFs commenced TSX trading on June 23, 2026, following a closed initial offering. The mutual fund series are immediately available for purchase.
  • NBI serves as the portfolio manager for all new products, targeting advisor and retail investor demand for simplified, systematic portfolio building blocks.
Material Impact
  • Product launches of this nature are standard operational cadence for asset managers and are designed to expand the addressable market for financial advisors.
  • The fee structure (0.35%-0.55% for ETFs) sits in the mid-to-low range for Canadian actively managed or systematic ETFs, positioning NBI to compete on price but also exposing it to ongoing industry fee compression.
  • Revenue impact will be incremental and lagged, dependent on advisor adoption, distribution partnerships, and sustained market beta. There is no immediate earnings inflection.
  • The thematic rotation ETF and systematic equity mutual fund introduce execution and tracking risk, as quantitative models and thematic indices require consistent rebalancing and may underperform during regime shifts.
NTHM · Price
Company Overview
  • National Bank Investments is the asset management subsidiary of National Bank of Canada, operating primarily in the Canadian market.
  • The business generates revenue through management fees tied to assets under management (AUM) across ETFs, mutual funds, and portfolio solutions.
  • The competitive landscape is characterized by high fragmentation, aggressive fee competition, and a heavy reliance on financial advisors for distribution.
  • Strategic focus typically centers on expanding systematic/ETF offerings, improving distribution partnerships, and maintaining cost discipline to protect operating margins.
Read the original news release →