National Bank Investments Inc. launched the NBI Unconstrained Fixed Income ETF on Friday.
The new ETF has a management fee of 0.75% and trades on the Toronto Stock Exchange.
The ETF will be managed by National Bank Trust Inc., with J.P. Morgan Investment Management Inc. as the sub-advisor.
“In this increasingly uncertain environment, fixed-income investors want to manage risk while generating yield and returns. Opting for an active approach to fixed-income investing provides latitude to proactively adjust the ETF’s portfolio and reduces concentration risk,” said Annamaria Testani, vice president, national sales, with National Bank Investments.