National Bank rebrands its Altamira, Omega funds

Morningstar Canada 29 April, 2014 | 5:21AM
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The Altamira brand, which was one of the best known in the mutual-fund industry during its 1990s heyday, is about to disappear.

National Bank of Canada, which acquired the Altamira funds in 2002 and integrated them into its own family in 2009, confirmed today that the funds bearing the Altamira and Omega names will be rebranded under the National Bank name, effective May 12.

Twenty-five Altamira funds, six Omega funds and one fund bearing the AltaFund name will be renamed. Also effective May 12, fund sponsor National Bank Securities Inc. will change its name to National Bank Investments Inc.

The rebranding will have no impact on the strategies of any of the funds being renamed, and the portfolio managers will also remain unchanged, the fund company said.

Unaffected by the rebranding are a trio of Jarislowsky Fraser funds managed for the National Bank family by Jarislowsky Fraser Ltd., three foreign equity funds offered under the Westwood brand and managed by Westwood International Advisors Inc., and the Meritage fund-of-funds portfolios, which invest exclusively in third-party funds.

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