Northwire Canada EditionFriday, July 10, 2026
Northwire
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Financings Routine +

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

Expanding ETF Suite to Capture Advisor Demand Amid Fee Compression

Executive Summary
  • National Bank Investments Inc. (NBI) announced the launch of five new ETF portfolios and one new mutual fund.
  • The ETF portfolios (Conservative, Balanced, Growth, Equity) and a Thematic Rotation ETF began TSX trading on June 23, 2026.
  • The mutual fund series are immediately available for purchase.
  • Fee structures range from 0.35% to 0.55% for the ETFs, and 0.40% to 1.40% (plus 0.10% administration fee) for the mutual fund.
  • NBI serves as the portfolio manager for all new products, with fees accruing daily and paid monthly.
Material Impact
  • The launch represents a standard product expansion for an asset manager, aimed at capturing advisor-driven flows and diversifying the fund lineup.
  • Fee levels (0.35% to 0.55%) are competitive but reflect ongoing industry fee compression, which typically pressures management revenue unless AUM scales significantly.
  • No material impact on near-term revenue or profitability is indicated, as new funds typically require time to accumulate assets under management (AUM) and reach break-even.
  • The move is incremental and aligns with typical asset management industry practices to offer ready-made portfolio solutions and thematic strategies.
NGRW · Price
Company Overview
  • National Bank Investments Inc. (NBI) is an asset management firm that provides investment solutions, including ETFs and mutual funds, primarily to financial advisors and institutional clients in Canada.
  • The company focuses on building diversified portfolios using underlying ETFs and mutual funds, catering to risk profiles ranging from conservative to equity-focused, and recently expanded into thematic rotation strategies.
Read the original news release →