National Bank Investments is taking a bigger swing at the ETF market. The firm said Tuesday it has launched exchange traded series for multiple NBI Funds, along with hedged versions of those series, and has added hedged ETF units to the NBI Active ETF. All the new units begin trading today on the Toronto Stock Exchange.
The move puts a familiar set of NBI mutual fund strategies inside exchange-traded wrappers that offer intraday liquidity and, for select mandates, a currency hedge.
Newly listed tickers include NBUE and NBUE.F for the NBI U.S. Equity Fund, NBGE and NBGE.F for the NBI Global Equity Fund, and NSDU and NSDU.F for the NBI SmartData U.S. Equity Fund.
Management fees for the ETF and ETFH series range from 0.15% on target-maturity investment-grade bond funds to 0.90% on global small-cap, with small administration fees on top for most funds.
The hedged units of the NBI Active U.S. Equity ETF will trade under NUSA.F with a 0.55% management fee.
NBI framed the rollout as a way to give advisors and self-directed investors more flexibility across market cycles.
Martin Felton, vice president of national sales at the firm, said in a press release that the additions mark a pivotal moment for clients looking to build more versatile portfolios.
The product mix spans Canadian core bonds, international and global equities, small caps, factor-driven SmartData equity funds, and target-date bond funds that can appeal to savers who prefer a defined maturity profile.
Many households still hold mutual funds on advice platforms, while ETF adoption continues to climb in discount brokerages and fee-based accounts.
By offering ETF series alongside existing funds, NBI can meet both channels without rewriting the playbook on underlying strategy or manager selection.
The listed management fees put NBI squarely in the active and enhanced index tier rather than the rock-bottom core index category. Investors will want to compare all-in costs, including administration fees where applicable and brokerage commissions, and to watch early-days bid ask spreads as market makers build depth.
Liquidity in ETFs is a function of the liquidity of the underlying portfolio plus the willingness of authorized participants to create and redeem units, which often improves as assets scale.
Competitor CI Global Asset Management announced monthly distribution amounts across a wide slate of ETFs last week, a reminder that product breadth and cash-flow features are key battlegrounds in asset gathering heading into year-end.
NBI’s push also arrives with some balance-sheet heft. The firm reported more than 102 billion dollars in assets under management across NBI products as of June 30, 2025.
