National Bank Securities is launching six monthly income portfolios. The new mutual fund portfolios will give investors a regular monthly income stream while allowing them to benefit from sound portfolio diversification and significant tax breaks.
Monthly income portfolios are tailored to investors’ profiles, risk tolerance and investment horizon. There are six portfolios available, one for each profile: secure, conservative, moderate, balanced, growth and equity.
Each portfolio offers a diversified investment strategy generating moderate to high capital growth. With Natcan Investment Management’s dynamic approach, weightings can be varied among the different asset classes such as shares, bonds, mortgage-backed securities and income trusts. The underlying funds of some portfolios also contain mutual funds from the Fidelity Investments.
Portfolio income is largely derived from dividends, which are eligible for a tax credit. Capital gains, which are taxed at only 50%, and return of capital will also be distributed.
Investors can choose between a fixed monthly distribution or a variable distribution that fluctuates slightly with changing market conditions. The minimum investment for the portfolios is $500.
Monthly income portfolios are available from financial advisors in National Bank branches, from National Bank Direct Brokerage and from National Bank Securities Advisory Service.
National Bank Securities introduces monthly income portfolios
Six portfolios tailored to risk tolerance and investment horizon
- By: IE Staff
- May 15, 2006 May 15, 2006
- 15:30