MONTREAL, July 28, 2016 /CNW Telbec/ - National Bank Investments Inc. ("NBI") announced today the change of portfolio managers for the National Bank Canadian Equity Fund and the NBI Canadian Equity Private Portfolio.

As of or around August 31, 2016, Jarislowsky, Fraser Limited will replace Fiera Capital Corporation as portfolio manager to the National Bank Canadian Equity Fund. As of the same date, National Bank Trust Inc. ("NBT") will replace Fiera Capital Corporation as portfolio manager to the NBI Canadian Equity Private Portfolio and NBT will retain CI Investments Inc. as sub-advisor to this fund. The investment objective of each fund remains unchanged.

These changes are in line with NBI's 100% open architecture, under which the portfolio management of the funds built for its product shelf is done exclusively by other firms, and with the manager supervision process it entails.

Furthermore, NBI also announced the name change for three National Bank Mutual Funds as of August 31, 2016. The name of the Funds will be changed as follows:

These changes will be reflected in the upcoming amendment to the simplified prospectus for the National Bank Mutual Funds, which will be available at www.sedar.com and www.nbc.ca.

About National Bank Mutual Funds
National Bank Mutual Funds (the "Funds") are offered by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. Commissions, trailing commissions, management fees and expenses all may be associated with investments in the Funds. Please read the prospectus of the Funds before investing. The Funds' securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Funds are not guaranteed, their values change frequently and past performance may not be repeated.

About National Bank Investments Inc.
National Bank Investments Inc. ("NBI") is a wholly owned subsidiary of National Bank of Canada specialized in designing and managing mutual funds and mutual fund portfolios. As at June 30, 2016, the value of assets under management in NBI products amounted to $29 billion.

Guided by a 100% open architecture philosophy, NBI is dedicated to providing diverse solutions to meet the evolving needs of its clients. NBI consistently strives to be recognized as a key partner by combining innovation and excellence. NBI is an investment fund management firm committed to offering a broad selection of investment solutions that meet a wide range of investment profiles. NBI's role is not limited to administrative aspects of management; NBI Advisory Services and its registered representatives form a team of specialists who provide information and advice to help investors build portfolios adapted to their financial needs.

About National Bank of Canada
With $221 billion in assets as at April 30, 2016, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has close to 20,000 employees and is widely recognized as a top employer. The Bank's securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter. 

SOURCE National Bank of Canada