National Bank Investments Inc. (NBI) Friday announced the addition of Meritage Global Income and Growth Portfolio to the Meritage Portfolios lineup.
The new fund invests in global equity and global fixed income underlying funds and responds to the needs of investors who are looking for a globally diversified balanced investment solution.
Much like the existing Meritage Portfolios managed by NBI, the fund invests in mutual funds managed by third parties. It’s investment objective is to achieve a combination of income and long-term capital appreciation.
The Meritage Portfolios invest in third-party funds that are selected using a quantitative and qualitative approach, which is independently reviewed by Aon Hewitt, an investment management consulting firm.