NGRW ETF: the NBI Growth ETF Portfolio, explained

Short answer: NGRW is the NBI Growth ETF Portfolio, an all-in-one fund-of-funds from National Bank Investments that began trading on the TSX on June 23, 2026. It sits in the Global Equity Balanced category, mostly stocks with a bond cushion, charges a 0.35% management fee, and pays quarterly distributions.

NGRW is the third rung of NBI’s four-portfolio ladder, above NCNS and NBLD and below the all-equity NEQT. Growth portfolios in this category typically run around 80% stocks, though NBI has not published this fund’s exact target mix. This is not financial advice.

What NGRW is

NGRW at a glance

Attribute	Detail
Ticker	NGRW
Issuer	National Bank Investments
Structure	Active fund-of-funds, holds ETFs and ETF series of NBI funds
Category	Global Equity Balanced
Management fee	0.35%
Distributions	Quarterly
Status	Trading on the TSX since June 23, 2026

Like its siblings, NGRW is one ticker holding a diversified global mix, actively allocated by NBI and built partly from NBI’s own underlying funds, with rebalancing handled for you.

What to weigh

• The competition charges less. VGRO and XGRO deliver the roughly 80/20 job for about 0.20 to 0.25% all-in. NBLD’s active allocation argument applies here too: 0.35% is the price of believing NBI can shade the mix better than a fixed recipe.
• Growth means real drawdowns. A portfolio that is mostly stocks will regularly drop 10% and occasionally much more. The bond sleeve softens the edges; it does not remove them.
• Pick the rung by your reaction to losses, not by the return you want. Everyone wants equity returns until the first bad quarter. If a 20% drop would make you sell, this is the wrong rung.

Frequently asked questions

When did NGRW launch?

It began trading on the TSX on June 23, 2026.

How much of NGRW is stocks?

NBI has not published the exact target on the fund page. Its Global Equity Balanced category typically implies roughly 75 to 90% equities. The prospectus has the precise ranges.

NGRW or VGRO?

Same job, different philosophy. VGRO is a fixed index recipe, cheaper, with a long record. NGRW is actively allocated and new. Unless you have a specific reason to prefer NBI’s allocation calls, the fee gap is the default tiebreaker.

Bottom line

NGRW is the growth rung of a sensible product ladder at a fee above the index incumbents. The wrapper is right for hands-off investors; the open question is whether active allocation earns the extra cost. Compare against VGRO and XGRO, then let Greenline show you how whichever you choose actually behaves in your portfolio.