Montreal-based National Bank Investments Inc. (NBI) is reducing management fees on certain NBI funds and Meritage Portfolios, the firm announced on Tuesday.

These changes will take effect as of or around May 14.

The management fees for the following series of NBI funds and Meritage Portfolios will be reduced as follows:

  • NBI Global Tactical Bond Fund (F, FT, F_US, FT_US Series) to 0.84% from 0.89%
  • Meritage Global Conservative Portfolio  (F, F5 Series) to 0.90% from 0.95%
  • Meritage Global Moderative Portfolio (F, F5 Series) to 0.90% from 0.95%