NEQT ETF: the NBI Equity ETF Portfolio, explained

Short answer: NEQT is the NBI Equity ETF Portfolio, a 100% equity all-in-one fund-of-funds from National Bank Investments that began trading on the TSX on June 23, 2026. It charges a 0.35% management fee, pays quarterly distributions, and is rated Medium risk.

NEQT is the top rung of NBI’s four-portfolio ladder, the no-bonds version, above NCNS, NBLD, and NGRW. It walks straight into the most competitive corner of the Canadian ETF market, because VEQT and XEQT have made all-equity all-in-ones close to a commodity. This is not financial advice.

What NEQT is

NEQT at a glance

Attribute	Detail
Ticker	NEQT
Issuer	National Bank Investments
Structure	Active fund-of-funds, holds ETFs and ETF series of NBI funds
Equity exposure	100% equity orientation, global
Management fee	0.35%
Distributions	Quarterly
Risk rating	Medium
Status	Trading on the TSX since June 23, 2026

The pitch is the familiar one: one ticker, global stock diversification, rebalancing handled. NBI’s twist is active allocation across regions and its own underlying funds, rather than fixed index weights.

What to weigh

• This category is a price war NEQT is not winning. VEQT and XEQT charge roughly 0.24% and 0.20% MER with huge assets and long records. NEQT’s 0.35% management fee, before its MER is published, starts it at a structural disadvantage.
• Active regional allocation is the differentiator, if it works. Shifting between Canada, the US, and international markets well is genuinely valuable. It is also one of the hardest things in investing to do consistently.
• All-equity means the full ride. Medium risk on the label, but a 100% stock portfolio can fall by a third in a bad year. The right holders are people with long horizons who will not flinch.

Frequently asked questions

When did NEQT launch?

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

NEQT or VEQT or XEQT?

They do the same job. VEQT and XEQT are cheaper, larger, and have years of history following fixed index allocations. NEQT costs more and allocates actively. Unless you specifically want NBI’s active regional calls, the incumbents remain the default. Our all-in-one comparisons walk through how to think about differences in this category.

Does NEQT hold bonds?

No. It is the 100% equity rung of NBI’s ladder. For a bond cushion, step down to NGRW or NBLD.

Bottom line

NEQT is a credible all-equity one-ticket fund entering a category where the incumbents are cheaper and proven. The realistic case for it is an NBI customer consolidating with one issuer, or genuine conviction in NBI’s active allocation. Whichever all-in-one you land on, Greenline will show you what it is doing for your bottom line.