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National Bank U.S. Equity Fund is an actively managed Canadian ETF offered in ETF (unhedged) and ETFH (currency-hedged) series by National Bank Investments Inc.
Its investment objective is long-term capital growth. The fund invests mainly in U.S. equities - primarily common shares of U.S. companies - but may also include preferred shares, bonds and Treasury bills. The portfolio manager applies a mix of strategies and may use a responsible investment approach, among other components, in selecting securities.
The asset class is equities with a U.S. focus, and the scope is broadly U.S. companies across sectors and large-capitalization stocks generally; the unhedged series exposes investors to U.S./foreign currency risk, while the hedged series seeks to reduce exposure to currency fluctuations between Canadian and foreign currencies.
Provider is National Bank Investments Inc., an indirect wholly owned subsidiary of National Bank of Canada. The vehicle is an exchange-traded fund listed on the Toronto Stock Exchange. The ETFH ("hedged") series provides currency hedging; both series distribute annually.
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This share class is accumulating: income is reinvested, and no cash dividends are paid.
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