National Bank unveils new portfolio

Montreal-based National Bank Investments Inc. has expanded its Meritage Portfolios lineup with the addition of the Meritage Global Income and Growth Portfolio. The new portfolio is suitable for investors who are looking for a globally diversified, balanced investment solution; it invests in global equity and global fixed-income funds. The portfolio has an investment objective of achieving a combination of income and long-term capital appreciation. Meritage Portfolios invest in third-party funds that are selected using quantitative and qualitative approaches that are independently reviewed by Aon Hewitt, an investment-management consulting firm. Meritage Portfolios now consist of 16 portfolio options. Advisor commissions are 0%-5% for front-end sales, 5% for deferred sales or 2.5% for the low-load option. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 for the regular DSC schedule; or begin at 3% in Year 1 and end at zero after Year 4 of the low-load option. Trailing commissions are 1% for front-end sales; 0.5% for deferred sales; and 0.5% for the first three years of the low-load option, and 1% thereafter. Management fees are 2% for A-class units and 1% for F-class units. Minimum investment is $500.

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