We see one of these new funds as a buy

Article Excerpt

National Bank is one of the smaller ETF providers in the Canadian marketplace. Still, the bank continues to launch new funds and its assets under management have grown rapidly this year. Here’s a look at two of those new ETFs. The NBI GLOBAL PRIVATE EQUITY ETF $26.01 (Toronto symbol NGPE) invests globally in stock-market-listed private equity firms. The U.S. is allocated the largest portion of its assets (30%), followed by the U.K. (17%), Sweden (12%), Switzerland (9%) and Japan (6%). The ETF holds 56 securities; top holdings include the Blackstone Group, KKR, Apollo Global, Partners Group, 3i Group, EQT, Onex and Kinnevik. The fund launched in January 2020, and charges a management fee of 0.55%. It has a reasonable asset base for a newly launched fund—$159.9 million. Troubles for the travel, entertainment, restaurant, casino and energy industries, in particular, now offer well-capitalized private equity firms a chance to pick up holdings at highly distressed prices. That could pay off for investors. The NBI Global Private Equity ETF is a buy…