MONTREAL, Oct. 30, 2014 /CNW Telbec/ - Today, National Bank Investments Inc., manager of the Meritage Portfolios®, announced a change in the risk rating of the Meritage Diversified Fixed Income Portfolio.
National Bank Investments Inc. applies a risk rating policy based upon the guidelines established by the Investment Funds Institute of Canada, which are themselves based primarily upon the variability of a mutual fund's returns. In the application of this policy, the level of risk associated with the Meritage Diversified Fixed Income Portfolio has been lowered from "Low to Medium" to "Low".
This change aims to more accurately reflect the fund's actual risk levels. No changes have been made to the investment objectives, strategies or management of this fund.
About Meritage Portfolios®
Meritage Portfolios® (the "Portfolios") are managed 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 Portfolios. Please read the prospectus of the Portfolios before investing. The Portfolios' securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Portfolios are not guaranteed, their values change frequently and past performance may not be repeated. "Meritage Portfolios®" and the Meritage Portfolios logo are trade-marks of National Bank of Canada, used under license by National Bank Investments Inc.
About National Bank of Canada
With $199 billion in assets as at July 31, 2014, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has more than 20,000 employees and is widely recognized as a top employer. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.
SOURCE: National Bank of Canada
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