National Bank Securities has announced that it is launching a new family of low-fee Jarislowsky Fraser mutual funds, subject to regulatory approvals.

Three funds will initially form the family: the Jarislowsky Fraser Select Canadian Equity Fund, the Jarislowsky Fraser Select Balanced Fund and the Jarislowsky Fraser Select Income Fund. These funds will be available through authorized investment dealers, including direct brokerage firms, and independent mutual fund advisors.

A preliminary simplified prospectus relating to the funds has been filed with the Canadian securities authorities. Units of the funds cannot be acquired until the relevant securities authorities issue receipts for the simplified prospectus of the funds.

Jarislowsky, Fraser Limited currently manages approximately $44 billion in assets. Its investment approach involves using stringent fundamental analysis to invest in low-risk, high quality securities.

National Bank Securities, the fund manufacturer, is a wholly owned subsidiary of National Bank of Canada. National Bank has assets of approximately $146 billion, including $12 billion in mutual funds.

IE